## [Tax Newsletter - April 2020 | Legislation](/en_GB/new/tax-newsletter-april-2020-legislation) # Tax Newsletter - April 2020 | Legislation Spain - 05 / 09 / 2020 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/tax-newsletter-april-2020-legislation) - []() - []() Previous Next **Approval of lower indexes for the objective assessment method for 2019 personal income tax** The April 9, 2020 edition of the Official State Gazette (BOE) published Order HAC/329/2020 of April 6, 2019, reducing for the 2019 taxable period the net income indexes applicable under the objective assessment method for personal income tax for agricultural and livestock activities affected by various exceptional circumstances. **Publication of the annual equivalent rate for second calendar quarter of 2020, for the purpose of characterizing certain financial assets for tax purposes** The April 2, 2020 edition of the Official State Gazette (BOE) published the decision of March 31, 2020, by the Office of the General Secretary for the Treasury and Financial Policy, which, as is now the custom, sets out the reference rates that will apply for the calculation of the annual effective interest rate for the purposes of characterizing certain financial assets for tax purposes, this time for the second calendar quarter of 2020. The rates are as follows: - Financial assets with terms of four years or less: 0.019 percent. - Assets with terms between four and seven years: -0.208 percent. - Assets with ten-year terms: 0.529 percent. - Assets with fifteen-year terms: 0.682 percent. - Assets with thirty-year terms: 1.016 percent. In all other cases, the reference rate for the period closest to when the issuance was made will be applicable. 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