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This is an advantage aimed at new self-employed individuals or autónomos. It applies a 20% reduction on net business income (income minus expenses). This reduction is applicable in the first year (when profits are obtained) and the second year of economic activity, but it is mandatory to have applied it in the first year to apply it in the second.

Requirements to apply this reduction:

• No prior economic activity in Spain or abroad: According to various binding consultations and recent tax information requests, if a similar activity was carried out abroad, this reduction does not apply, since the activity is considered a continuation, not a new start.
  
  This reduction does not apply if, in the year prior to the start of the activity, the taxpayer was not a resident in Spain and carried out economic activity abroad (criterion followed by the Directorate General of Taxes in its response to Binding Consultation No. V0494-16). It also does not apply in the period when tax residency is acquired in Spain if that year follows the year in which the activity began outside Spain.
  
• No prior employment for the same client: You must not have worked as an employee for the same client (in the year before starting the activity) from whom you now receive more than 50% of your income.

The maximum limit for applying this reduction is €100,000 of net income.