New developments for self-employed workers in 2024: VAT, fees and more

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With the new year, if you are self-employed you need to be aware of the new developments for self-employed workers in 2024. The latest changes affect the monthly fee, the VAT declaration and income tax: let's see what is related to VAT, fees and more.

All the news for self-employed workers in 2024
2024 brings a few new features that you should know if you are already self-employed or are considering registering for this regime. Let's look at the important information for self-employed workers in 2024, the fees, how VAT works and what changes there are in the income tax return.

self-employed vat number
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Without a doubt, one of the major new features of 2024 for poland phone number lead the self-employed is the implementation of the new contribution system based on real income, which we already saw in 2023.

This year, the contribution table has undergone significant changes that will reduce the financial burden on self-employed workers in lower brackets, and will increase in higher brackets.

self-employed quote 2024
As stated in Royal Decree-Law 13/2022 of the BOE , where the quotation tables were published, in the lower ranges the price is reduced between €5 and €10, while the higher ranges have an increase of up to €30 per month.

In addition, the Canary Islands, Extremadura and Galicia are joining the zero quota already in force in Andalusia, the Balearic Islands, Castile and León, Castile la Mancha, La Rioja, Madrid and Murcia.

This is one of the main advantages of being self-employed , so if you are going to start your own business , now is the best time. We recommend that you consult your agency about this , since each autonomous community has its own regulations. But in general terms, it will allow you to enjoy a reduced or free fee during the first year, and start a system of also reduced installments for the second year.

In addition, whether or not you have made the change to the new system, Social Security will annually regularize your contributions from the previous year . The first regularization will be made in mid-2024, just after the Income Tax campaign, since that is when Social Security will know the income of the self-employed in 2023. In July 2024, the contribution will be regularized; if you have paid too much, you will receive an income, if you have paid too little, you will have to pay the remaining amount.

VAT exemption for self-employed workers
In addition, in 2024 the obligation to declare quarterly VAT will be eliminated for self-employed workers with an annual turnover of less than €85,000 .vat calculator

If you invoice less than this amount, you will not be required to complete the annual settlement either . Although the preliminary phases are already being carried out, this measure will come into force in 2025 .

Income tax return for self-employed workers
Until now, only those who had obtained an annual net income of €1,000 or more had to file a tax return . However, from 2024, all self-employed persons will have to file a tax return , regardless of the income obtained. This also affects those who have obtained zero profits or even losses in their annual balance sheet.