Regulation news 2023
Skip information indexMain developments Royal Decree-Law 8/2023, of December 27, which adopts measures to address the economic and social consequences derived from the conflicts in Ukraine and the Middle East, as well as to alleviate the effects of the drought
PERSONAL INCOME TAX
With effects from January 1, 2024 , the following modifications are introduced in Law 35/2006, of November 28, on the Tax on Personal Income:
-
Extension of the exclusive limits of the objective estimation method.
DT 32 of Law 35/2006, of November 28, on the Income Tax of Physical Persons is modified, extending for the year 2024 the quantitative limits that have been applied in previous years and that delimit the scope of application of the objective estimation method for the economic activities included in the scope of application of said method, with the exception of agricultural, livestock and forestry activities, which They have their own quantitative limit based on income volume.
Therefore, the exclusive general magnitudes will be the following for the year 2024:
-
Volume of income in the immediately preceding year exceeding 250,000 euros for all economic activities, except agricultural, livestock and forestry activities. All the operations shall be taken into account, irrespective of whether there is a duty to issue an invoice. The operations in which there is an obligation to issue an invoice when the recipient is a businessman, may not exceed 125,000 euros .
-
Volume of income for all agricultural, forestry and livestock activities greater than 250,000 euros.
-
Volume of purchases of goods and services in the immediately preceding year, excluding acquisitions of fixed assets, exceeding 250,000 euros.
Additionally, a new deadline is established to waive or revoke the waiver of the objective estimation regime from the date following the date of publication of this Royal Decree-Law until January 31, 2024.
Resignations and revocations presented for the year 2024 during the month of December 2023, prior to the new deadline, will be deemed to have been presented during the business period.
-
-
Deduction for works to improve energy efficiency in homes.
DA 50 of Law 35/2006, of November 28, on Personal Income Tax is modified, extending the period during which efficiency improvement works can be carried out To apply this deduction:
-
The deduction for works to reduce heating and cooling demand may be applied for amounts paid for works carried out until December 31, 2024 in the habitual residence or any other of its ownership that was rented for use as a home at that time or in expectation of rent, provided that, in the latter case, the home is rented before December 31 2025.
-
The deduction for works to improve the consumption of non-renewable primary energy may be applied for the amounts paid for works carried out until December 31, 2024 in the habitual residence or any other of its ownership that was rented for use as a home at that time or in expectation of rental, provided that, in the latter case, the home is rented before 31 December 2025.
-
The deduction for works carried out in buildings with predominantly residential use may be applied for the amounts paid for such works until on the 31st December 2025.
This last deduction will be made in the tax periods 2021, 2022, 2023, 2024 and 2025 in relation to the amounts paid in each of them.
-
-
Establishment of electronic media as the only channel for submitting the Personal Income Tax return.
Article 96 of Law 35/2006, of November 28, on Personal Income Tax is modified, adding in section 5 of the same that may establish the obligation of presentation by electronic means provided that the Tax Administration ensures personalized attention to taxpayers who require assistance to comply with the obligation.
por el que se adoptan medidas para afrontar las consecuencias económicas y sociales derivadas de los conflictos en Ucrania y Oriente Próximo, así como para paliar los efectos de la sequía.