New blow to the self-employed: This is the tax that will increase in 2024

No time to read?
Get a summary

Next year will bring many changes to the collective self-employment face to face income statement. One of the most important taxes of the Tax Office will arise from the tax reduction it has made so far and Many self-employed workers will have to declare this for the first time. Therefore, self-employed people will have to pay more taxes in 2024.

New system for self-employment taxes

HE objective prediction system It is used to calculate the tax base of approximately 500,000 self-employed people. The new quotation system is based on signs, indices or modules that allow an estimated calculation. This is the size of the base. In other words, taxes are not based on the actual income of the business, but Fixed amount that applies percentages allowing the performance of each activity to be calculated.

Reducing personal income tax for self-employed workers

As a result of the crisis Ukraine war in 2022 they applied A range of tax breaks to protect the self-employed group. At that time, a 15% reduction in personal income tax was established, and this rate increased to 10% in 2023. for 2024, The Ministry of Finance decided to further reduce the tax deduction, so now it will be 5%. Thus, the tax will return to the 5 percent reduction in 2009, thanks to the objective estimation system.

Submission of Income Tax Return

New system price It will affect all self-employed workers who register this year and we aim for them to contribute too based on real income, preventing them from contributing to the minimum wage. Therefore all Registered self-employed workers in 2023 or they are obliged to file Income Tax returns for the remainder of the year, regardless of their income and hours worked as a freelancer. Until now, only self-employed workers who received personal income tax had to declare personal income tax. Benefits exceeding 1,000 euros per year.

No time to read?
Get a summary
Previous Article

China sold a record number of cars in the global auto market

Next Article

He is on trial for a homophobic attack on a college student in San Vicente