New regulations for 2022

Main tax changes introduced by Royal Decree-Law 4/2022, of March 15, which adopts urgent measures to support the agricultural sector due to the drought

PERSONAL INCOME TAX

Article 4 of Royal Decree-Law 4/2022 provides for an increase from 5% to 20% in the reduction of the net income obtained in 2021 for taxpayers who carry out agricultural, livestock and forestry activities and who determine the net income of their economic activities by the objective estimation method .

Likewise, for farms and agricultural activities in which damage has occurred as a direct consequence of the incidents referred to in article 1 of this Royal Decree-Law, and in accordance with the provisions contained in the Regulations of thePIT and of the VAT, the head of the Ministry of Finance and Public Administration, in view of the reports from the Ministry of Agriculture, Fisheries and Food, may authorize, on an exceptional basis, the reduction of the net return indices referred to in Order HAC/1155/2020, of November 25, which develops, for the year 2021, the objective estimation method of Personal Income Tax and the simplified special VAT regime.

Real Decreto-ley 4/2022, de 15 de marzo,

por el que se adoptan medidas urgentes de apoyo al sector agrario por causa de la sequía.(BOE, 16-marzo-2022)

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