New regulations for 2024

Main tax innovations introduced by Order HAC/1347/2024, of November 28, which develops for the year 2025 the objective estimation method of personal income tax and the simplified special regime of value added tax

VALUE ADDED TAX

For the 2024 financial year

1) Calculation of the fee in 2024 (Fourth Additional Provision. Modification of the order of modules of 2024).

- New accrued rate indices

From 1 January to 30 June 2024, the application of the 0% VAT rate on certain basic food products (including milk, eggs, cheeses, fruits, vegetables, legumes, tubers and cereals) has been extended, as well as the application of the 5% rate on deliveries of olive and seed oils.

The application of the 0 percent rate was subsequently extended until September 30, 2024 to basic food products, including olive oils and extending the application of the 5 percent rate to deliveries of seed oils; establishing, in addition, the application of the 2 percent rate from October 1 to December 31, 2024, for operations relating to said goods, with the exception of seed oils to which the reduced rate of 7.5 percent would be applicable during said period.

For the purposes of taking these circumstances into account in the calculation of the annual fee accrued for the year 2024 in these activities, the modules for the purposes of the simplified special regime will be the following:

• Activity: intensive livestock farming of egg poultry, sheep, goats and dairy cattle.

Rate of accrued fee for current operations: 0.00 (from January 1, 2024 to September 30, 2024) and 0.02 (from October 1, 2024 to December 31, 2024).

• Activity: benefits that correspond to the transferor in agricultural activities, carried out under a sharecropping regime, dedicated to obtaining agricultural products not included in the following sections.

Rate of accrued fee for current operations: 0.00 (from January 1, 2024 to September 30, 2024) and 0.02 (from October 1, 2024 to December 31, 2024).

• Activity: processes of transformation, elaboration or manufacturing of natural products for obtaining cheese.

Rate of accrued fee for current operations: 0.03102 .

• Activity: processes of transformation, elaboration or manufacturing of natural products to obtain olive oils and seed oils.

Rate of accrued fee for current operations: 0.14104 .

It should be noted that a new activity has been added for olive oils and seed oils , separating it from the activity of transformation processes, production or manufacturing of natural products to obtain products other than the previous ones, in which it was included.

- Annual fee derived from 2024

The holders of the aforementioned activities at the end of the year or when the activity ceases must calculate the annual fee derived from the simplified regime , taking into account, where applicable, the total volume of income for 2024 , excluding current or capital subsidies, compensation, as well as VAT and, where applicable, the equivalence surcharge that taxes the operation, using the modules indicated above for this purpose.

2) Incorporation of the reduction by the DANA for 2024 of the fee accrued for current operations

In section 2 of the Fifth Additional Provision of the Order it is established that taxpayers who carry out business or professional activities in the municipal terms affected by the DANA and are covered by the simplified regime, may reduce by 25 percent the amount of fees accrued for current operations corresponding to such activities in the year 2024 .

This reduction will be taken into account when calculating the annual fee for the simplified special regime for the year 2024.

For the year 2025

1) Exclusion of compensation

With from 1 2025, the for the special regime for agriculture, livestock and fishing, will longer be taken into account when calculating the volume of income from the activity, for the purposes of whether or not it is excluded from the simplified regime. Therefore, taking into account that said volume refers to the previous year, the compensation received is not included in the calculation of income for the year 2024. (Article 3)

2) Olive oil

Since January 1, 2025 and on a permanent basis, olive oil is taxed at the reduced rate of 4 percent , as it is included among essential products. Consequently, a new activity is created with a specific rate of accrued quota for current operations, which takes into account the reduction in the rate.

• Activity: Processes of transformation, elaboration or manufacturing of natural products to obtain olive oils.

Rate of accrued fee for current operations: 0.16406.

por la que se desarrollan para el año 2025 el método de estimación objetiva del impuesto sobre la renta de las personas físicas y el régimen especial simplificado del impuesto sobre el valor añadido.(BOE, 30-diciembre-2024)