The Congress of Deputies debated and voted on Royal Decree 13/2022 of 26 July, which established a new contribution system on 20 July. workers on your own or protection has been developed for self-employment and cessation of activity. The decree comes from an agreement between the Government and social mediators and opens the door to a cultural shift that will challenge affiliates. CHALLENGE take out the calculator to reformulate their quotas. By 2023, every self-employed person will be paid based on their net income, or “actual income,” because they are baptized by Social Security. The new wage system will increase from a minimum of 230 Euros to a maximum of 500 Euros. According to the preliminary calculations of the Ministry, with the new system, three out of every four self-employed people will pay the same or less wages, and the mandatory contribution shares of the remaining one quarter will be increased.
Until now, self-employed people paid a monthly wage based on their preferences and regardless of their income. In this sense, unlike the wage earners to whom this or that segment is subordinate. personal income tax depending on how big your payroll is. A stabilityself-employed, which has so far caused the vast majority of the group to choose the minimum quota, 294 euros. Either because their income does not allow them to make higher contributions for better benefits in the future, or because they prefer to keep that extra money in their pockets and spend it on other needs. By 2023, the wage paid by each self-employed person will depend on the net income of their activities – some form of benefit calculation.
How will these net returns be calculated?
The spirit of the new plan is to add income and subtract expenses. And the number from this calculation must be crossed with the table. 15 episodes as defined by Social Security and every year General budgets of the state. The self-employed will pay less if they are in the lower bracket and more if they are in the upper bracket. Another detail that stands out from self-employed organizations is the monthly calculation of income and expenses, while the salary is calculated on a monthly basis. For example, if the monthly income (income minus expenses) is less than 670 euros, the self-employed must pay a wage of 230 euros in 2023.
The key to the new system is deductible expenses, as income is a relatively simple part of the equation. Income is income from the work of the self-employed person with all that comes from economic activities.
What expenses are tax deductible?
In the new reform program, all expenses already accepted by the Treasury are counted as deductible. These must meet three requirements: connected to economic activity (something that invites different interpretations), to defend and they should accounting registered. Classic examples are purchases of materials or raw materials, salaries of dependent workers, leasing of premises or supplies, services to companies, financial expenses or depreciation, among others.
Once the self-employed has deductible income and expenses for the year, additional 7% these expenses as “barely deductible” expenses without having to be credited. This additional bonus is designed to smooth out the spending balance and actually lower quotas; this is a letter put on the table by the Government to attract social institutions to agreement.
Can you change the quota?
Quota election officially voluntarily and the self-employed person’s estimates of their exercise. However, if you’ve earned more than you anticipated during the year, the Treasury knows how much income you’ve earned and will charge the corresponding pending contributions. Conversely, if the self-employed person estimated their contributions better than the formalized one, they could sue the public treasury to refund the difference at the end of the year. The self-employed worker can change until: six times a year quota to adapt to the development of your business.