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Practical manual VAT 2024.

3. Simplified regimes and those of agriculture, livestock and fishing

A. Exclusive limits

Royal Decree-Law 8/2023, of December 27, which adopts measures to address the economic and social consequences arising from the conflicts in Ukraine and the Middle East, as well as to alleviate the effects of drought, extends until 2024 the limits for the application of the simplified regime and the special regime for agriculture, livestock and fishing.

Therefore, the exclusive magnitudes will be for the year 2024 the following:

  1. In the case of the simplified regime :

    • Volume of income in the immediately preceding year exceeding 250,000 euros for all economic activities, except agricultural, livestock and forestry.

    • Volume of purchases of goods and services in the immediately preceding year, excluding acquisitions of fixed assets, greater than 250,000 euros.

  2. In the case of the special regime of agriculture, livestock and fishing :

    • Volume of income in the immediately preceding year exceeding 250,000 euros for operations covered by the special regime for agriculture, livestock and fishing

    • Volume of purchases of goods and services in the immediately preceding year, excluding acquisitions of fixed assets, greater than 250,000 euros.

B. Deadline for submitting resignations or revocations for the year 2024

A new is established for submitting resignations or of the simplified regimes and those of agriculture, livestock and fishing from December 29, 2023 to January 31, 2024.

The resignations and revocations submitted for the year 2024 to the simplified regimes and those of agriculture, livestock and fishing, during the month of December 2023 prior to the start of the new period (December 29, 2023), will be deemed to have been submitted during the business period. However, they may be modified until January 31, 2024.

C. Simplified regime modules 2024

Order HFP /1359/2023, of December 19, which develops for the year 2024 the objective estimation method of the Personal Income Tax and the simplified special regime of the Value Added Tax, maintains the modules, as well as the instructions for their application, applicable in the simplified special regime in the immediately preceding year.