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Form 100. 2018 Personal Income Tax return

5.3.1. Annual income concept for the purposes of applying the personal and family tax-free thresholds

The concept of annual income must be understood as the arithmetic sum of the positive and negative returns (earnings, gains and losses) of the tax period.

The returns must be calculated by their net amount.

Specifically, annual income will be the algebraic sum of the following concepts:

  1. Net earned income (box 0022).

  2. Net returns on movable capital to be included in the general tax base (box 0054).

  3. Net returns on movable capital to be included in the savings tax base (box 0038)

  4. Net income from real estate (box 0089)

  5. Net earnings from economic activities (boxes 0144, 0168 and 0196)

  6. Imputations of income.

  7. Algebraic sum of the profits and losses calculated in the year, without applying the rules of integration and compensation. ("Totals" boxes on pages 10, 11, 12 and 13 of the tax return showing capital gains and losses).