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Practical manual for Income Tax 2024. Part 1

2. Amounts of annual returns per module unit before amortization

In general

For the year 2024, the amounts of the annual returns per module unit before amortization corresponding to each activity are those listed in Annex II of Order HFP /1359/2023, of December 19 ( BOE of December 21) and are included in " Appendix : Annual returns per module unit before amortization applicable in the 2024 financial year" of this Chapter.

Reduction in annual performance per module unit due to exceptional circumstances

Regulations: Art 37.4.1 and 2 Regulation IRPF . See also Annex III Order HFP /1359/2023, of December 19 ( BOE of December 21).

In normal economic situations, the previous net performance of the activity is determined by the result of multiplying the number of units employed, used or installed in the activity of each of the applicable modules by the annual performance per unit before amortization assigned to each unit. However, when the exceptional circumstances indicated below occur, the Administration may agree to reduce the said annual yield per unit in relation to the relevant modules, indicating the period of time to which it applies. These circumstances are grouped into the following cases:

  • When the development of economic activity is affected by fires, floods or other exceptional circumstances that affect a specific sector or area.

  • When the development of economic activity is affected by fires, floods, subsidence or major breakdowns in industrial equipment, which cause serious alterations or anomalies in the development of the activity.

  • When the owner of the activity is temporarily incapacitated and has no other personnel employed.

In the first case, the reduction of signs, indices or modules must be authorized by the Minister of Finance and may affect taxpayers in a particular sector or area.

Due to the consequences of the damage caused by the Isolated Depression at High Levels (DANA) in different municipalities between October 28 and November 4, 2024, the application in the year 2024 of a reduction of 25 percent of the net yield of modules to the activities carried out in said municipalities, detailed in the Annex of the aforementioned Royal Decree-Law, has been approved. 

In the remaining cases, interested parties who wish to have the signs, indices or modules reduced must submit, within 30 days from the date on which the alterations or the situation of temporary incapacity occurred, a written document to the Administration or, failing that, to the Delegation of the State Agency for Tax Administration, in which the fact that said circumstances have occurred is made clear, providing at the same time the evidence deemed appropriate and mentioning, where applicable, the compensation to be received due to the alterations produced. Once their effectiveness has been confirmed, the head of the Administration or Delegation of the State Tax Administration Agency will agree to the reduction of the modules that apply, indicating the period of time to which it will apply.

Note: In the event that the taxpayer has been granted the right to a reduction in one or more of the modules applicable to the activity, the declaration will be completed based on the reduced amounts agreed by the tax authorities.