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Extraordinary measures for entrepreneurs affected by the DANA

Royal Decree-Law 7/2024, of November 11, adopting urgent measures to address the damage caused by the DANA in different municipalities between October 28 and November 4, 2024.

Among the fiscal measures agreed in this Royal Decree-Law relating to the simplified regime of VAT the following stand out:

  • A 25% reduction is approved on the quota accrued for current operations for persons who develop their economic activity under the simplified regime of VAT .

  • Entrepreneurs who carry out economic activities in the municipalities mentioned in the annex to Royal Decree-Law 6/2024, of November 5, between October 28 and November 4, 2024, who had been determining their net income in the 2024 tax period by the objective estimation method, are allowed to exceptionally waive applying the module regime in 2024, in which case they will be taxed under the simplified direct estimation regime in IRPF without this decision preventing the taxpayer from applying the module system again in 2025 or 2026. In the area of VAT, this waiver will take effect from January 1, 2025, and form 303 corresponding to the 4Q of 2024 must be submitted in accordance with the simplified tax regime.

  • The extraordinary waiver of the objective estimation method for 2024 may be made during the month of December 2024 or by submitting within the regulatory period the declaration corresponding to the fractional payment of the fourth quarter of 2024 in the manner provided for the direct estimation method.