Essentially an expense is allowable if it is necessary to carry out the business or profession but take a look at the item by item guide. The golden rule is OBTAIN AND KEEP PROPER INVOICES. This might seem patronising, particularly if you are not new to business, but it is worth emphasising. Even if you are not sure whether something is allowable or not it is worth retaining an invoice and asking. Nothing can be claimed without a proper VAT invoice with your name and NIE on i

Keeping records and documentation You will have to keep careful records for income tax and VAT – not only for submitting your quarterly tax records but also in case you are ever audited or want to claim any tax reductions. Keep copies of all your invoices (facturas) and all your receipts. Spanish invoices should include the following information: Your business name Address and contact details (phone, email, website) Your business ID number (NIE or DNI number) Date Description

Obviously there are additional fee's involved when becoming Autonomo as you have to employ the services of an Asesoria to look after your accounts and complete your tax returns on time. Although the cost will depend very much on the individual circumstances we like to be as transparent as possible so here is a rough guide to our fees: Autonomo Objective evaluation system from 40 € Direct evaluation system from 85 € SL: from 150€ The fees also depend whether the company or sel

One of the main criticisms of the autonomo system is that all autonomos, regardless of the their income, are required to join the social security system under the Special Regime for Autonomous Workers ("RETA"). Anyone earning more than the Spanish minimum wage or Salario Minimo Interprofesional or "SMI" has to pay social security at a set level, although this may change in 2019 Currently the monthly cost to a self-employed person will be at least 275 euros per month. Lower ra

Let's start with the basics - what does Autonomo mean? It’s basically a self-employed person or freelancer (profesionales autonomos) but can also cover people operating in small businesses such as a sole trader (empresa individual) or partnership (sociedad civil). When starting a business or setting up as self employed, Foreigners and Spanish nationals are treated the same, although all expats need a foreigner’s identity number (NIE). In addition to the NIE, non-EU/EEA/Swiss