RENDA MODULES - VAT 2016

The Official State Gazette (BOE) has published the order that regulates for the year 2016 the method of objective estimation of personal income tax and the simplified VAT regime, where the NOVELTIES introduced by The tax reform and the law of PGE.

For the 2016 financial year, the new limits excluded from the modules system will be applied, and this will not be possible to apply the activities or sectors of activity that exceed:

- Depending on the volume of income for all economic activities, except for agricultural, livestock and forestry, € 250,000 per year . For these purposes, the totality of the operations will be counted, regardless of whether or not there is an obligation to issue an invoice. This limit is expected to be applied in 2016 and 2017, but since 2018 it has been set at € 150,000

Without prejudice to the previous limit, the objective method of estimation can not be applied when the volume of the full returns that correspond to operations for which they are obliged to issue invoices when the recipient is an entrepreneur or professional who acts as such, exceeds 125,000 € annual. This limit is expected to be applied in 2016 and 2017, but from 2018 it has been set at € 75,000.

- Depending on the volume of income for all agricultural, forestry and livestock activities, € 250,000 per year . For these purposes, only transactions that must be recorded in the book sales or income record or in the books registers will be counted Of Iva.

According to the volume of purchases [a | In] goods and services, € 250,000 per year for the set of all economic activities developed. Within this limit, subcontracted works and services will be taken into account and the acquisition of fixed assets will be excluded. This limit is expected to be applied in 2016 and 2017, but from 2018 it has been set at € 150,000

- Depending on the volume of purchases in goods and services , € 250,000 per year for all the economic activities carried out. Within this limit, subcontracted works and services will be taken into account and the acquisition of fixed assets will be excluded. This limit is expected to be applied in 2016 and 2017, but since 2018 it has been set at € 150,000

With regard to the exclusive specific magnitudes , in the activity of transport of goods by road (722) and removal services (757), the limit of vehicles to be able to accommodate the modules system is established in 4 vehicles (before 5).

The Order also excludes from the objective estimation method and the simplified Iva regime for the activities of divisions 3, 4 and 5 of the first section of the IAE Rates subject to withholding of 1% in 2015, which They are related later.

It reduces the rate of net performance of milk beef farms , in approximately 38%, and the net yield index for potato crops, in approximately 30%.

It maintains a 5 % reduction on the net performance of modules derived from the agreements reached in the "Autonomous Work Bureau".

For any doubt or clarification you can contact our office.