Issues to consider when settling the tax in 2024
We inform you of the main news for the 2024 Corporate Campaign
Urgent measures for the damage caused by DANA
To alleviate the effects produced by the Isolated Depression at High Levels (hereinafter, DANA) in different municipalities, Royal Decree-Law 6/2024, of November 5, establishes with effect from November 7, 2024, a direct aid system, corresponding to the 2024 fiscal year, for Corporate Tax taxpayers who, as of October 28, 2024, had their tax domicile in the municipalities affected by the DANA, or who, without having their tax domicile in said localities, have operating establishments or real estate declared as related to their activity in said municipalities.
In order to be a beneficiary of these direct aids it is necessary to be registered in the census of entrepreneurs, professionals and withholding agents dated October 28, 2024, with the granting of aid being conditional on continuing to be registered until June 30, 2025. In addition, they must have filed the self-assessment of the Corporate Tax with declared income. If they registered for the aforementioned census in fiscal year 2024, they must have filed any self-assessment of Value Added Tax or any installment payments or withholdings in fiscal year 2024 that they were required to file before October 28.
In the case of entities with their own legal personality, the amount of aid will be determined based on the trading volume of the 2023 financial year, declared or verified by the Administration within the framework of the Value Added Tax, or failing that, the net amount of turnover, applying the following amounts:
| Trading volume / Net turnover for the year 2023 (M: million euros) | Amount (euros) |
|---|---|
| ≤ 1M | 10,000 |
| > 1M ≤ 2M | 20,000 |
| > 2M ≤ 6M | 40,000 |
| > 6M ≤ 10M | 80,000 |
| > 10M | 150,000 |
With effect from November 30, 2024, Royal Decree-Law 7/2024, of November 11, approves, as a complement to the aid system described in the previous paragraphs, a extraordinary and temporary aid, under the de minimis aid system, whose recipients will be those taxpayers who have agricultural income in the Corporate Tax return, whether holders of any farm agricultural, livestock or agricultural plot located in some municipalities affected by the DANA, which have suffered damage exceeding 40 percent in their production, plantation, livestock census or crop and infrastructure protection system, provided that they are eligible for insurance under the Combined Agricultural Insurance System.
Pursuant to the provisions of the Third Additional Provision of the LIS, the positive income generated by the receipt of any of these aids will not be integrated in the taxable base of the Corporate Tax.
Keep in mind:
To calculate the income that The amount of aid received and capital losses will not be included in the tax base. which, where applicable, occur in the elements affected by the activities. When the amount of these aids is less than the losses produced in the aforementioned elements, the negative difference may be integrated into the tax base. Where there are no losses, only the amount of the aid will be excluded from taxation.