Ministerial Order of Modules for 2017

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The BOE today, November 29, publishes the Order of Modules for the year 2017, which updates for this year the provisions of article 32 of the Personal Income Tax Regulation (RD 439/2007, of March 30) and 37 of the VAT Regulation (RD 1624/1992, of December 29), which establish that the estimation method objective of the Personal Income Tax and the special simplified regime of the Value Added Tax will apply to the activities determined by the Minister of Economy and Finance, today the Minister of Finance and Public Administrations.
Order HFP/1823/2016, of November 25, which develops for the year 2017 the method of objective estimation of the Personal Income Tax and the special simplified regime of the Value Added Tax, maintains the structure of Order HAP/2430/2015, of November 12, by which they are developed for the year 2016.

These are the main new features for fiscal year 2017:

Personal Income Tax

The amount of signs, indices or modules, as well as the application instructions, are maintained for 2017
The reduction of the 5% on the net performance of modules derived from the agreements reached at the Self-Employed Work Table is maintained.
The net return indices applicable to the activity of breeding, guarding and fattening livestock are reduced to adapt them to the current reality of the sector, which will be 0.37, being applicable to the 2016 tax period, in accordance with the provisions in the fifth additional provision.

Value Added Tax

The Order maintains for 2017 the modules and instructions for their application from the previous year (Order HAP/2430/2015, of November 12, which approved the modules for the year 2016).

Economic activities developed in Lorca

Among the additional provisions, the standard maintains for 2017 the reduction in the net income calculated by the objective estimation method of personal income tax and on the fee accrued by current operations of the simplified VAT regime for economic activities carried out in Lorca.

Waiver or revocation

Personal income tax taxpayers who carry out activities to which the objective estimation method is applicable or VAT taxpayers to whom the special simplified regime applies and wish to renounce it or revoke their resignation for 2017, may do so from November 29, date of publication of the Order in the BOE, until December 31, 2016.

Common standards

The Order includes Annex III that establishes the common rules for all the economic activities included.

For any information regarding the 2017 tax news that may affect your income tax return, do not hesitate to contact our tax experts, through the Contact Form.