New regulations for 2019

Main tax measures included in Royal Decree-Law 18/2019, of December 27, which adopts certain measures in tax, land registry and Social Security matters.

The quantitative limits that delimit the scope of application of the objective estimation method for economic activities included in the scope of application of said method are extended for the 2020 tax period, with the exception of agricultural, livestock and forestry activities, which have their own quantitative limit based on income volume.

General excluding parameters:

• Volume of income in the immediately preceding year exceeding 250,000 euros for all economic activities, except agricultural, livestock and forestry. All the operations shall be taken into account, irrespective of whether there is a duty to issue an invoice. Transactions requiring an invoice to be issued when the recipient is a business may not exceed 125,000 euros.
• Turnover for the set of agricultural, forestry and livestock activities exceeding 250,000 euros.
• Volume of purchases of goods and services in the immediately preceding year, excluding acquisitions of fixed assets, greater than 250,000 euros.

(DT 32 LIRPF is modified)

In addition, a new period for waiving or revoking the objective estimation method for Personal Income Tax is established for the year 2020. This period will be one month from the day following the date of publication in the BOE of Royal Decree-Law 18/2019, that is, until January 29, 2020.

Resignations and revocations submitted for the year 2020 to said regimes during the month of December 2019 will be deemed to have been submitted during the valid period, and this option may be modified until January 29, 2020.