Liquid quota concept

Law 22/2021, of December 28, on the General State Budget for the year 2022, with effect for tax periods beginning on or after January 1, 2022, adds section 2 to article 30 of the LIS to introduce the concept of net quota which is defined as the result of applying the applicable bonuses and deductions provided for in the Tax regulations to the full quota, without it being able to be negative.

In relation to the above, article 41 of the LIS regarding the deduction of withholdings, payments on account and fractional payments is modified to replace the mention of the full quota with that of the net quota or minimum net quota, as appropriate.

In this same sense, article 71.1 of the LIS that regulates the deductions and bonuses of the total quota of the fiscal group is modified to introduce the definition of net quota of the fiscal group as the result of reducing the total quota of said group by the amount of the deductions and bonuses provided for in Chapters II, III and IV of Title VI of the LIS, as well as any other deduction that may be applicable, without it being able to be negative.