On 30 December 2017, Royal Decree-law 20/2017 of 29 November was published in the Official State Gazette, whereby, in addition to other measures, the quantitative limits determining the scope of the objective estimate method for economic activities included in the scope of the method are extended for the 2018 tax period, with the exception of agriculture, farming and forestry activities, which have their own quantitative limits per income volume.
Furthermore, the limits for the application of the simplified regime and the special agriculture, livestock and fishing regime are also extended for the 2018 tax period.
Therefore, although the modules Order modified the excluding parameters for the year 2018 since they were established by referring to the contents of article 31 of the Personal Income Tax Act, those applicable in 2016 and 2017 shall remain valid for 2018 (Temporary provision thirty-two of the Personal Income Tax Act and temporary provision thirteen of the Value Added Tax Act).
General excluding parameters:
It also establishes for 2018 a new term for relinquishing or revoking the objective estimation method for Personal Income Tax and the simplified regime and the special agriculture, livestock and fishing regime for Value Added Tax.
This term will be one month from the day after the date of publication in the Official State Gazette of Royal Decree-law 20/2017, i.e. until 31 January 2018.