Modifications in the system of modules in Income and VAT in 2016

 The Official State Gazette (BOE) has published the order that develops for the year 2016 the objective estimation method of personal income tax and the simplified VAT regime, in which the are incorporated NEWS introduced by the tax reform and the PGE law.

1. For the 2016 financial year, the following will apply: the new limits exclusive of the modular system, and They will not be able to apply this system to activities or sectors of activity that overcome:

• Depending on the revenue volume for the set of economic activities, except agricultural, livestock and forestry, the €250,000 per year. For these purposes, all transactions will be taken into account regardless of whether or not there is an obligation to issue an invoice. This limit is expected to apply in 2016 and 2017, but As of 2018 it has been set at €150,000.

Without prejudice to the above limit, the objective estimation method will not be able to apply when the volume of the gross income corresponding to operations for which they are required to issue an invoice when the recipient is a businessman or professional acting as such, exceeds €125,000 per year. This limit is scheduled to apply in 2016 and 2017, but As of 2018, it has been set at €75,000.

• Depending on the revenue volume for he set of agricultural, forestry and livestock activities, 250.000 € per yearFor these purposes, only those operations that must be recorded in the Sales or Income Record Book or in the VAT Record Books will be counted.

• Depending on the volume of purchases of goods and services, 250.000 € per year for all economic activities carried out. This limit will take into account subcontracted works and services and will exclude the acquisition of fixed assets. This limit is expected to apply in 2016 and 2017, but As of 2018 it has been set at €150,000

2. Regarding the specific magnitudes exclusive, in the activity of road freight transport (722) and moving services (757), the vehicle limit In order to be eligible for the module system, it is established in 4 vehicles (previously 5).

       3. The Order also excludes from the objective estimation method and the simplified VAT regime the activities included in divisions 3, 4 and 5 of the first section of the IAE Rates. subject to 1% withholding in 2015, which are listed below.