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Practical manual for Income Tax 2020.

To promote self-employment of young people under 35 years of age

Regulations: Art. 16 Text Consolidated legal provisions of the Community of Madrid on taxes transferred by the State, approved by Legislative Decree 1/2010, of October 21.

Amount of deduction

1,000 euros for taxpayers in which the following circumstances apply:

  • That they are under 35 years old
  • Those who register for the first time , as a natural person or as a participant in an entity under an income attribution regime, in the Census of Businesspeople, Professionals and Withholders provided for in Royal Decree 1065/2007, of July 27, which approves the General Regulations for Actions and Procedures for Tax Management and Inspection and for the Development of the Common Rules for the Procedures for the Application of Taxes ( BOE of September 5).

Requirements for applying the deduction

  • The deduction will be applied in the tax period in which the registration in the Census occurs.
  • That the activity takes place mainly in the territory of the Community of Madrid .

  • That the taxpayer remains in the aforementioned Census for at least one year from registration .

    This requirement will not be considered to be breached in the event of the taxpayer's death before one year has passed since registration in the census, provided that the taxpayer has not deregistered from the census before death.

  • In joint taxation, the amount of the deduction will not be multiplied by the number of members of the family unit who meet the requirements for its application.