How much does it cost to be self-employed? This is what a self-employed person pays each month
Posted: Wed Dec 18, 2024 8:53 am
Find out how much it costs to be self-employed in Spain, the self-employed fee you will pay and the rest of the expenses you will have to face.
The self-employed fee is not everything. Do you know how much it really costs to be self-employed in Spain ? Discover the most common types of payments in the life of a self-employed person and their schedule.
Internalizing the recurring payment schedule helps give treasury the importance it deserves.
Starting a business often involves a number of special outlays.
When we think about how much it costs to be self-employed in Spain , the first thing that usually comes to mind is the self-employed fee . This seems normal, if you take into account dominican republic email list that there are many self-employed workers for whom it is their main monthly outlay. This is especially the case for some professionals and personal service providers with little investment in a fixed structure and no employees in their charge.
Making payments is a daily activity for the self-employed. Take note of the keys to the most common payments!
In any case, to start a business it is important to understand that starting up usually means having to advance money . You should also be aware that later a stream of payments will arrive which, although they may vary in amount, will arrive regularly . And, beyond that, you will have to make investments and meet other obligations that each specific situation demands .
How much does a self-employed person have to pay each month?
Among the categories of payments that a self-employed person has to face, one of the most important is that of recurring payments , those that are repeated period after period. Many make them every month or, more rarely, every two or three months or with other periodicities. Whether the amount is higher or lower, you know that there is a date set for the disbursement.
Obviously, these payments depend on the circumstances of the activity you carry out, but we can group them into two categories: recurring tax payments and non-tax payments .
Recurring tax payments
The self-employed fee that you must pay to Social Security each month.
If you do not have a large company, it is normal that you pay the withholding tax models every quarter . Among them, the 111 and 115 stand out .
If you have a company, you will make the corporate tax payments in instalments using Form 202 in January, April and October. In July, you may have to pay, if you are eligible, the corporate tax return fee ( Form 200 ).
You will have to settle the VAT month by month if you are in the Immediate Information Supply (SII) system . Otherwise, you will settle it every three months (January, April, July and October). In some cases, the settlement may not give rise to payment.
Individuals who carry out economic activities without the protection of a company or other legal entity submit split payments on account of personal income tax ( forms 130 and 131) in January, April, July and October. The income tax return, which may also be payable, is usually paid by direct debit on the last day of June. It can also be paid in instalments with a 40% payment in November.
If you have requested a tax deferral or installment payment , we will be given a payment schedule.
There are many other taxes that may give rise to recurring payments: special taxes, certain local taxes, etc.
Non-tax recurring payments
In addition to taxes, fees, social contributions and special contributions, self-employed workers have other common payments , including:
Amortization and interest rates on external financing .
Salaries and extra benefits .
Supplies of electricity, telecommunications, water, gas, etc.
Income and fees from operational or financial leases of real estate, machinery, vehicles, etc.
Access fees to electronic services that are received on an ongoing basis, such as those provided in the cloud, mobile applications, data, etc.
The self-employed fee is not everything. Do you know how much it really costs to be self-employed in Spain ? Discover the most common types of payments in the life of a self-employed person and their schedule.
Internalizing the recurring payment schedule helps give treasury the importance it deserves.
Starting a business often involves a number of special outlays.
When we think about how much it costs to be self-employed in Spain , the first thing that usually comes to mind is the self-employed fee . This seems normal, if you take into account dominican republic email list that there are many self-employed workers for whom it is their main monthly outlay. This is especially the case for some professionals and personal service providers with little investment in a fixed structure and no employees in their charge.
Making payments is a daily activity for the self-employed. Take note of the keys to the most common payments!
In any case, to start a business it is important to understand that starting up usually means having to advance money . You should also be aware that later a stream of payments will arrive which, although they may vary in amount, will arrive regularly . And, beyond that, you will have to make investments and meet other obligations that each specific situation demands .
How much does a self-employed person have to pay each month?
Among the categories of payments that a self-employed person has to face, one of the most important is that of recurring payments , those that are repeated period after period. Many make them every month or, more rarely, every two or three months or with other periodicities. Whether the amount is higher or lower, you know that there is a date set for the disbursement.
Obviously, these payments depend on the circumstances of the activity you carry out, but we can group them into two categories: recurring tax payments and non-tax payments .
Recurring tax payments
The self-employed fee that you must pay to Social Security each month.
If you do not have a large company, it is normal that you pay the withholding tax models every quarter . Among them, the 111 and 115 stand out .
If you have a company, you will make the corporate tax payments in instalments using Form 202 in January, April and October. In July, you may have to pay, if you are eligible, the corporate tax return fee ( Form 200 ).
You will have to settle the VAT month by month if you are in the Immediate Information Supply (SII) system . Otherwise, you will settle it every three months (January, April, July and October). In some cases, the settlement may not give rise to payment.
Individuals who carry out economic activities without the protection of a company or other legal entity submit split payments on account of personal income tax ( forms 130 and 131) in January, April, July and October. The income tax return, which may also be payable, is usually paid by direct debit on the last day of June. It can also be paid in instalments with a 40% payment in November.
If you have requested a tax deferral or installment payment , we will be given a payment schedule.
There are many other taxes that may give rise to recurring payments: special taxes, certain local taxes, etc.
Non-tax recurring payments
In addition to taxes, fees, social contributions and special contributions, self-employed workers have other common payments , including:
Amortization and interest rates on external financing .
Salaries and extra benefits .
Supplies of electricity, telecommunications, water, gas, etc.
Income and fees from operational or financial leases of real estate, machinery, vehicles, etc.
Access fees to electronic services that are received on an ongoing basis, such as those provided in the cloud, mobile applications, data, etc.