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Practical manual for Income Tax 2024. Part 1

Reduction for fertilizer acquisition: 15 percent

Note: This reduction constitutes an exceptional measure that may be applied by holders of agricultural and livestock activities in an objective estimate in the years 2022, 2023 and 2024 to alleviate the effect produced by the increase in the price of operating inputs in agricultural and livestock activities.

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

Percentage reduction

15 percent of the purchase price of the fertilizers necessary for the development of agricultural and livestock activities.

Requirements:

  • That these are fertilizer purchases made in the 2024 financial year and documented in invoices issued in the same financial year.

  • That said price appears duly documented in the invoices issued for its acquisition.

  • That said invoices comply with the requirements set forth in article 6.1 of the Regulation governing billing obligations, approved by Royal Decree 1619/2012, of November 30.

    See the requirements that every invoice and its copies must contain in accordance with the provisions of article 6.1 of the Regulation governing invoicing obligations, in Chapter 10 of the VAT Practical Manual 2024 ("Formal obligations of VAT taxpayers: Invoices and Registration Books", in the section " Obligations regarding invoicing ".