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SELF-EMPLOYED

CALENDAR: The key deadlines for self-employed workers in Spain in 2024

To help you keep on top of self-employment deadlines this year, we've collated all the information of what you need to submit and when, from VAT to income tax and intra-community operations.

Published: 17 January 2024 09:15 CET
Updated: 20 January 2024 07:05 CET
CALENDAR: The key deadlines for self-employed workers in Spain in 2024
2024 Self employment calendar Spain. Photo: George Milton

The 2024 self-employment calendar for autónomos in Spain

As all self-employed people know in Spain, being autónomo is no easy feat. As well as running your own business you have to submit and pay your taxes five times per year, plus remember all the many different forms you have to submit alongside them.

There are countless forms you must submit to the tax agency, from ones on the amount of VAT you earn and payout to those that allow you to declare intra-community operations with other countries in the EU. Each one of these forms has a different deadline throughout the year and many are submitted multiple times, so it’s important you have a calendar to stay organised. 

January 2024

You have until January 22nd to submit:

Form 111: This is the form you use to declare the personal income tax withholdings you made during the last quarter of 2023 from workers, other professionals and businesses.

Form 115: This is in order to declare personal income tax withholdings on urban rentals for the last quarter of 2023.

Form 123: In order to pay interest on loans, shares, bonds and business leases.

You have until January 30th to submit: 

Forms 130 or 131: For those who have fractional income in order to pay the amount corresponding to the fourth quarter of 2023.

Form 303: For self-employed workers and entrepreneurs who have to self-assess VAT for the fourth and last quarter of 2023.

Form 349: For the declaration of intra-community operations.

Form 390: For the declaration of the entire previous year in terms of VAT.

You have until January 31st to submit: 

Form 165: Informative declaration of certifications issued to partners or participants of newly or recently created entities.

Form 179: Quarterly declaration of the transfer of use of homes for tourism purposes.

Form 180: To declare your annual income from the leasing of urban real estate.

Form 182: To declare any donations and contributions made or received.

Form 184: Informative declaration of entities under the income attribution regime.

Form 188: To declare income from movable capital and life or disability insurance contracts.

Form 190: An annual summary of income from work and economic activities, awards and certain capital gains and income allocations.

Form 233: Informative declaration for daycare expenses.

Form 270: Declaration of lottery prizes.

Form 345: Annual form for pension plans, pension funds, insured pension plans or corporate social security plans and long-term care insurance, etc.

READ ALSO: The social security fees Spain’s self-employed will pay in 2024 

February 2024

You have until February 20th to submit:

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Form 592: First tax on non-reusable plastic packaging is introduced. For plastics used in January 2024.

You have until February 29th to submit:

Form 280: The annual informative declaration of long-term savings plans.

Form 303: The VAT self-assessment form for January 2024.

Form 347: The annual declaration of operations with third parties for the year 2023.

March 2024

You have until March 20th to submit: 

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Form 349: For the declaration of intra-community operations corresponding to February 2024.

Form 592: Tax on non-reusable plastic packaging is introduced. For plastics used in February 2024.

READ ALSO: Everything that changes for self-employed workers in Spain in 2024 

April 2024

You have until April 1st to submit:

Form 189: Informative declaration of insurance and income corresponding to the year 2022.

Form 303: The VAT self-assessment form for February 2024.

Form 720:  To declare worldwide assets greater than €50,000.

You have from April 3rd until July 1st to submit:

On April 3rd, the campaign to submit income and assets declarations online begins. It ends on July 1st.

You have until April 22nd to submit:

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals. 

Form 131: To declare income and expenses for the first quarter of 2024. 

Form 202: For the payment of corporate tax.

Form 349: For the declaration of intra-community operations corresponding to March 2024.

Form 592: For tax on non-reusable plastic containers corresponding to March 2024 and quarterly statement corresponding to the first quarter of the year.

Up until April 30th

Form 303: Self-employed workers must submit the VAT self-assessment form for March 2024.

READ ALSO: The financial aid available to Spain’s self-employed workers in 2024 

May 2024

You have from May 7th until July 1st to:

Present your year income tax return by phone.

You have until May 20th to submit:  

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals. 

Form 303: Self-employed workers must submit the VAT self-assessment form for April 2024.

Form 349: For the declaration of intra-community operations corresponding to April 2024.

Form 592: For tax on non-reusable plastic containers corresponding to April 2024.

There are lots of deadlines for self employed workers to keep track of in 2024. Photo: Andres Ayrton
 

June 2024

From June 3rd until July 1st:

You can submit your annual income tax return in person at the corresponding offices.

You have up until June 20th to submit:

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Form 349: For the declaration of intra-community operations corresponding to May 2024.

Form 592: For tax on non-reusable plastic containers corresponding to May 2024.

June 26th

The deadline by which you must submit your annual income tax return if you want to pay by direct debit.

July 2024

July 1st:

The deadline by which to submit your annual income tax return for 2023 if you haven’t already.

Form 303: For VAT self-assessment for May 2024.

You have until July 22nd to submit: 

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Forms 130 or 131: For those who have fractional income.

Form 303: For VAT self-assessment for the second quarter of 2024.

Form 304:  Declaration-settlement for the second quarter of 2024.

Form 349: For the declaration of intra-community operations corresponding to June 2024.

Form 592: For tax on non-reusable plastic containers corresponding to June 2024.

You have until July 25th to submit:

Forms 200, 206 or 220: For all companies whose tax period coincides with the calendar year.

You have until July 30th to submit:

Form 303: For VAT self-assessment corresponding to June 2024.

August 2024

You have until August 20th to submit:

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals. 

Form 592: For tax on non-reusable plastic containers corresponding to July 2024.

You have until August 30th to submit:

Form 303: For VAT self-assessment corresponding to July 2024.

September 2024

You have until September 20th to submit:

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Form 349: For the declaration of intra-community operations corresponding to July and August 2024.

Form 592: For tax on non-reusable plastic containers corresponding to August 2024.

You have until September 30th to submit:

Form 303: For VAT self-assessment corresponding to August 2024.

Forms 360 and 361: Request for refund of VAT equal to or greater than 400, corresponding to 2023.

October 2024

You have until October 21st to submit: 

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Forms 130 or 131: For those who have fractional income.

Form 202: Payment of corporate tax.

Form 349: For the declaration of intra-community operations corresponding to September and the third quarter of 2024.

Form 303: For VAT self-assessment corresponding to the third quarter of 2024.

Form 592: For tax on non-reusable plastic containers corresponding to September 2024.

You have until October 30th to submit: 

Form 303: For VAT self-assessment corresponding to September 2024.

You have until October 3st to submit: 

Form 235: For those who do cross-border trade

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November 2024

November 5th

Self-employed workers who asked to split their annual income taxes must pay their second and final installment by this date.

You have until November 20th to submit:  

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Form 349: For the declaration of intra-community operations corresponding to October 2024.

Form 592: For tax on non-reusable plastic containers corresponding to October 2024.

December 2024

You have until December 2nd to submit:  

Form 303: For VAT self-assessment corresponding to October 2024.

You have until December 20th to submit:  

Forms 111 and 115: Form 111 is to declare and enter personal income tax withholdings made by workers, professionals or businessmen; and form 115 is to declare personal income tax withholdings on urban rentals.

Form 349: For the declaration of intra-community operations corresponding to November 2024.

Form 592: For tax on non-reusable plastic containers corresponding to November 2024.

Form 202: Payment of corporate tax if you have fractional income.

READ ALSO: What does a ‘gestor’ do in Spain and why you’ll need one

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TAXES

How foreigners in Spain’s capital can pay less tax with the new Mbappé Law

The regional government of Madrid is finalising the approval of the so-called Mbappé Law, a very favourable new personal income tax regime for foreigners who settle and invest in the Spanish capital.

Published: 23 April 2024 16:44 CEST
Updated: 27 April 2024 08:19 CEST
How foreigners in Spain's capital can pay less tax with the new Mbappé Law

Similar to Spain’s Beckham Law, introduced in 2005, this piece of legislation is named after a famous footballer who will be the first to benefit from lower tax rates, as will other foreigners in Madrid.

Kylian Mbappé is a French footballer who currently plays for Paris Saint-Germain, but looks set to sign for Real Madrid this summer.

The objective of the right-wing Madrid government of Isabel Díaz Ayuso is to attract more foreign investment to the region with beneficial fiscal rates.

READ ALSO – Beckham Law: What foreigners need to know about Spain’s special tax regime

Unlike the Beckham though, the Mbappé Law is only designed to benefit foreigners who move to the region of Madrid, it’s not open to those who want to move elsewhere in Spain.

Also unlike the Beckham law, foreigners will only be able to reap the rewards of the Mbappé Law if they invest money into the region. This could be in the form of investments in companies or in vehicles, but it cannot include investments in property.

Specifically, applicants will be able to deduct 20 percent of all the money they invest in the Madrid region.

The law applies to regional personal income tax, which accounts for approximately half of entire tax payments in Spain, since the other part corresponds to the State’s collection.

Normally, a foreigner like Mbappé will be taxed in the highest income bracket, as they will earn well over €300,000 gross per year.

When the law is finally approved however, Mbappé could avoid paying the regional income tax entirely, in the event that 20 percent of his Madrid investments represent the same amount that he would have had to pay in taxes on his salary.

READ ALSO: Why you should move to this region in Spain if you want to pay less tax

How will the Mbappé Law work?

For example, if Mbappé earned €40 million gross (not his actual salary), he would normally be charged €18 million in personal income tax.

Of this, 24.5 percent would correspond to the state tax, and this would have to be paid as normal. This means the state would collect €9.8 million from him in tax.

The change happens with the rest of the tax – the regional tranche. If he doesn’t make any investments, which now seems unlikely, he would have to pay €8.2 million in tax to Madrid.

If on the other hand the French superstar invested €40 million in Spanish companies or state bonds – he could deduct €8 million, which represents 20 percent of that amount.

This would mean that Mbappé’s tax rate would remain at 24.5 percent, a marginal rate that is slightly higher than the personal income tax for a worker who earns €20,000 and receives around €1,300 net per month.

As a percentage, of course, the amounts in Mbappé’s case are going to be huge. So, instead of paying €18 million in total, he would only pay €9.8 million.

Overall, this legislation signals that Madrid will become even more attractive to foreign investors.

By contrast, those who move to Catalonia will have to pay 25.50 percent in regional income tax, which added to the 24.5 percent of the state tax would increase personal income tax by half. So as a Real Madrid player Mbappé would earn €30.2 million, but if he signed for Barça he would pocket €20 million.

What’s the catch?

There are a few caveats to the new law, which primarily depend on how long you stay in Madrid. The new regulations establish that you have to stay and live in Madrid for a total of six years. If you leave before those six years are up, then you will be forced to return part of the tax savings you made.

What does this mean for Madrid?

The regional government of Madrid estimates that 30,000 foreign investors could choose to move to the region specifically in order to benefit from the new law and that it will cost the public coffers €60 million per year.

The idea is that Madrid will continue to attract foreign investment. Madrid’s leader Isabel Díaz Ayuso recently claimed that: “Two out of every three euros that arrive in Spain as an investment from abroad do so in projects that are developed within the Community of Madrid. In the last decade, the flow of investments has doubled”.

Madrid already has some of the best tax incentives in Spain. Residents pay less tax on their income, assets, inheritance and property transactions and conditions are beneficial to high-income earners in particular.

Financial experts agree that Madrid is among, if not the top region, with the most lenient tax system in the country, and when the Mbappé law comes into force, the region will benefit from even more incentives.

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