The Ministry of Finance and Public Services reduced this to 5%, net performance reduction from current 10% modules for 2024, according to the ministerial order published this Thursday at the BOE, which developed the objective method of forecasting personal income tax for the next year and the simplified VAT regime under which many self-employed workers and SMEs pay taxes.
María Jesús Montero’s department states that this 5% reduction in the net performance of the modules will apply To all taxpayers who determine performance It is obtained net from economic activity according to the objective estimation method.
Regarding VAT, the Treasury proposes to freeze until 2024 the modules and application instructions valid in the special simplified regime in the previous year.
Measures for farmers and ranchers
In addition, in order to cover the increase in the cost of some inputs in agricultural and livestock activities, the previous net yield for the 2024 tax periods You can get a 35% discount on diesel purchases 15% of the agricultural and fertilizer purchase price is required in both cases for the development of these activities. The Ministry of María Jesús Montero reminds that these reductions have already been implemented in both 2022 and 2023.
Likewise, due to the consequences of the volcanic eruptions that occurred on the island of La Palma, the Treasury continues the special discount for 2024 for economic activities carried out on the island.
A similar special discount applied to the municipality due to the earthquake in the municipality of Lorca was already applied in both 2022 and 2023.