Systems to determine the income of the economic activity
Which methods you can use, which are incompatible, when you are excluded and which you can renounce
Normal direct assessment
Applies:
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Unless you have opted for the simplified modality or the objective assessment (modules).
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Provided that the net revenues of all your activities exceed €600,000 per year in the immediately preceding year or you were excluded from simplified direct assessment in any of the three previous financial years.
It is calculated as the difference between: eligible income (the total of the full income derived from sales and the provision of services, as well as self-consumption and subsidies, among others) and deductible expenses (those that are duly justified and recorded in the accounts or in the obligatory registers produced in carrying out the activity and are necessary to obtain the income). On the net income thus obtained, the reductions provided for in the regulations may be applied.
Phase 1 |
(+) Full income (-) deductible expenses (-) Amortization (=) Net income |
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Phase 2 |
(-) Reduction of income with a generation period of more than two years or obtained in a notoriously irregular manner when allocated in a single year (30%). Maximum reduction base: 300,000 euros. Transitional regime : application of this reduction (=) Reduced net yield |
Phase 3 |
(-) Reduction for economically self-employed workers
(-) Reduction for taxpayers with total income less than 12,000 euros, including those from economic activity (incompatible with the previous reduction) (-) Reduction due to start of activity (=) Total reduced net earnings |