Exceptional tax reductions for ranchers

Spanish ranchers and farmers will be able to take advantage of tax reductions in the net income of Personal Income Tax (IRPF) for the acquisition of agricultural diesel and fertilizers, as an exceptional measure to alleviate the effects of the increase in production costs . This is a net yield reduction of 35% on diesel and 15% on fertilizers for 2022 and 2023.

The agricultural objective estimation system is the majority among farmers and ranchers in our country, to which some 850,000 declarants voluntarily accept each year.

In addition, according to the Ministry of Agriculture, Fisheries and Food, they may also benefit from:

The corrective indices applicable to feed and purchased from third parties and for crops on irrigated land that use electricity are maintained.
The index for the use of electricity for irrigation is maintained at the levels of 2021, with a reduction of 25% of the net yield extendable to all irrigation systems.
Farmers and ranchers, like other taxpayers who pay in modules, will benefit from a reduction in net income of 15% in 2022 and 10% in 2023, compared to 5% at which this reduction is usually set.



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