Autonomo Taxes and Expenses
Second-quarter tax closing of 2024 for autonomo is right around the corner.
July 17, 2024 – submission of forms 111, 115, 130 and 303 to be paid with direct debit.
July 22, 2024 – voluntary deadline to submit forms 111, 115, 130 and 303 with the result to be paid without direct debit or negatives and form 349.
What are the tax forms that need to be submitted? What if you only have expenses? Do you just declare the expenses? Can you carry your expenses to the next quarter? How is result reported? Read on for answers to these questions.
Let’s say you’re working as an autonomo and encounter a month when you don’t have any income to claim for the month but still have expenses and the quarter is about to end.
If you have no income in the quarter, your expenses are declared anyway obtaining a negative result. Since the result is negative you won’t have to pay anything in this quarter and the negative result will be passed onto tho the next one, you don’t need to control anything.
Just remember that according to Spanish Tax Regulations, you have to issue your sales invoices once the service has been rendered and not when you collect the money, and you need to report your expenses in real time too.
Tax forms presented by the autonomo
The tax forms are the forms through which the different taxes are presented. The forms most presented by the self-employed are:
Form 303
VAT form that you should submit quarterly if you develop any activity subject to VAT.
It can be a positive (to be paid) or a negative amount (to be deducted). If it were to be deducted, it means that the amount is being deducted quarter to quarter and if in the last quarter of the year, it is negative, then you can request the refund or continue deducting it with the VAT of the following year.
Form 130
Income tax form that you should submit quarterly if you have registered in any business activity.
It can be positive (payable) or with a negative amount (to be deducted in the following quarters of the same year). If it were to be deducted, you could deduct the amount in the following quarters of the same year, but you cannot request a refund.
Form 111
Form including withholdings from other workers and professionals. Submit it if you have employees or have paid invoices from professionals subject to withholding.
Form 115
Form including withholdings of the premises.
If a self-employed person rents a place and the withholding is included in the invoice (there are exceptions to this case), they must register on form 115 and submit quarterly the form 115 that will always be positive (or in any case 0), but never a negative amount.
Form 349
Intra-community operations form. This form should reflect all intra-community operations carried out during the quarter.
The self-employed registered in ROI or VIES (Registry of Intra-Community Operators) must submit it quarterly in case of operations. It is an informative declaration for which you don’t have to pay taxes.
Form 390
Annual VAT summary form. You have to present it in January of the following year. It is an informative statement.
Form 180
It is an annual summary form of all the withholdings on premises for the financial year.
In this form, you must enlist all rental recipients of the year and the property with its address and cadastral reference to submit the form.
It is an informative statement.
Form 190
It is an annual summary form of withholdings for professionals and workers.
You must indicate the workers and professionals with their names, surnames, ID, perceptions and withholdings. It is an informative statement.
Form 347
It is an annual statement of operations with third parties. If you have had operations with the same supplier or customer worth more than € 3005.06 you will have to submit this form.
Form 720
It is nothing more than an informative declaration about goods and rights located abroad.
Form 100
Annual income statement.
Main Photo by Mikhail Nilov
