3. Reduction for economic activities carried out on the Island of La Palma: 20 per 100

Regulations: Additional Provision Sixth Order HFP /1359/2023, of December 19 ( BOE of December 21).

Once the general reduction has been applied and only for those taxpayers who carry out their economic activity on the island of La Palma and determine the net income from said activity using the objective estimation method, the net income from modules of 2024 corresponding to such activities may be reduced by 20% .

The reduction must be recorded in box [0157] of the declaration.

Note: Due to the consequences of the volcanic eruptions that occurred on the island of La Palma, Additional Provision of Order HFP 1359/2023, of December 19 ( of December ), which develops the objective estimation method for the year 2024, has established a special reduction for economic activities carried on said island, similar to that established for the municipality of , due to the earthquake that occurred in said municipality. These reductions have already been applied in both 2022 and 2023 .