Information on VAT and Income Tax for Self-Employed in Spain Thread poster: Adriana Nesheva
| Adriana Nesheva United Arab Emirates Local time: 15:14 Member (2020) English to Bulgarian + ...
I am planning to relocate to Spain and register as self-employed. I was reading a lot about the taxes that need to be paid and I am a bit confused. Can someone let me know how much is VAT and how much is income tax? From what I read, I understand it is approximately 21-23% each. Could you please give me an idea of what the taxes would be if you earn let's say 3000 EUR per month? Thanks! Adriana | | | Monica RW Local time: 13:14 Member (2015) English to Polish + ...
Hello, VAT is 21% for translations, but only for Spanish companies (if you are registered in Spain and issue invoices to your customers in Spain). Invoices for companies from any other country (not Spain) - 0% of VAT. The income tax is called IRPF and here you are its rates: "Since IRPF is a progressive tax, the tax rate (the percentage applied to the net tax basis to calculate the amount of tax payable) it is separated into bands: Up to € 12,450, the tax rate is 19%. From ... See more Hello, VAT is 21% for translations, but only for Spanish companies (if you are registered in Spain and issue invoices to your customers in Spain). Invoices for companies from any other country (not Spain) - 0% of VAT. The income tax is called IRPF and here you are its rates: "Since IRPF is a progressive tax, the tax rate (the percentage applied to the net tax basis to calculate the amount of tax payable) it is separated into bands: Up to € 12,450, the tax rate is 19%. From €12,450 to €20,200, the tax rate is 24%. From €20,200 to €35,200, the tax rate is 30%." And you will also have to pay obligatory social insurance (no matter whether you earn something or not in a given month). "Freelancers will need to pay social security contributions ranging between €230 and €500, depending on which bracket their net income corresponds to." Hope it helps! Good luck Monika ▲ Collapse | | | Adriana Nesheva United Arab Emirates Local time: 15:14 Member (2020) English to Bulgarian + ... TOPIC STARTER Information on VAT and Income Tax for Self-Employed in Spain | Apr 8 |
Thanks a lot Monica! Monica RW wrote: Hello, VAT is 21% for translations, but only for Spanish companies (if you are registered in Spain and issue invoices to your customers in Spain). Invoices for companies from any other country (not Spain) - 0% of VAT. The income tax is called IRPF and here you are its rates: "Since IRPF is a progressive tax, the tax rate (the percentage applied to the net tax basis to calculate the amount of tax payable) it is separated into bands: Up to € 12,450, the tax rate is 19%. From €12,450 to €20,200, the tax rate is 24%. From €20,200 to €35,200, the tax rate is 30%." And you will also have to pay obligatory social insurance (no matter whether you earn something or not in a given month). "Freelancers will need to pay social security contributions ranging between €230 and €500, depending on which bracket their net income corresponds to." Hope it helps! Good luck Monika | | | To report site rules violations or get help, contact a site moderator: You can also contact site staff by submitting a support request » Information on VAT and Income Tax for Self-Employed in Spain Trados Studio 2022 Freelance | The leading translation software used by over 270,000 translators.
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