Examples
Example 1:
Mr. SMG A lawyer, in addition to the independent practice of his profession which he has been carrying out since 1990, has begun in 2024 the exercise of an agricultural activity that is eligible for inclusion in the objective estimation method.
How will you determine the net income from both activities in 2024, knowing that the net turnover from your professional activity did not exceed €600,000 per year in 2023?
Solution:
The net income from professional activity must be determined using the simplified method of direct estimation, as the net amount of turnover did not exceed 600,000 euros per year in the immediately preceding financial year (2023). Furthermore, given the incompatibility between the direct estimation method and the objective estimation method, the determination of the net yield from agricultural activity must also be carried out using the simplified form of the direct estimation method.
Example 2:
Mr. JJC, businessman, determines the net income of his economic activity using the simplified form of the direct estimation method. On May 5, 2024, a new economic activity begins that is not included in the scope of the objective estimation method and for which the simplified form of the direct estimation method is waived.
How will you determine the net returns from both activities in fiscal years 2024 and 2025?
Solution:
In fiscal year 2024, the net income from the new activity will be determined using the normal method of direct estimation, while the previously developed economic activity will remain in the simplified method. The incompatibility between both modalities of the direct estimation method will not take effect until the following year, 2025, in which the net income derived from both activities must be determined using the normal modality of the direct estimation method.
Example 3:
Mr. AVC starts a business activity on July 1, 2024 to which the objective estimation method is not applicable. Net sales in 2024 amounted to €425,000.
How will you determine the net income from the activity in fiscal years 2024 and 2025?
Solution:
In fiscal year 2024, the net income will be determined using the simplified direct estimation method, as it has not expressly waived its application.
In the 2025 financial year, the normal method of direct estimation must be applied, since the net amount of the turnover raised to the year exceeds 600,000 euros per year (425,000 x 12/6 = 850,000).