Self-employed quota rises

Self-employed workers will see their contributions modified in the coming year. The new progressive system based on declared net income will modify the minimum contribution bases, the brackets, and, in short, the monthly contribution to be paid as from January 2025.

The monthly contributions will range from 200 to 590 euros depending on the declared net income, with an increase in the contributions of those who declare an income of over 1,700 euros, which can mean up to 90 euros more per month.

The system that has 15 brackets will collect a lower lower limit with respect to the previous year, 200 euros per month compared to 225 in 2024, however, it will modify in the highest part, with higher quotas up to 590 euros per month.

The new system requires an income forecast to be declared at the beginning of the year. The assigned installments may be adjusted up to six times if income changes, but the most important will come with retroactive regularizations.

Regularization of self-employed contributions. Tax impact

The regularization of contributions will take place between December 2024 and April 2025 according to the following schedule:

In December 2024, the Social Security will notify those self-employed who on December 31, 2022 had a higher base than the one corresponding to their net income, they will be entitled to the refund, but they may also choose to keep the higher base.

At the beginning of 2025, the Social Security will start the automatic refund to those self-employed workers who in 2023 paid contributions at a higher base than the one corresponding to their income. These refunds will be made automatically.

Between March and April 2025, the self-employed who paid contributions below their real income will be notified so that they can pay the difference within one month.

The regularization of self-employed contributions will have tax consequences in the income tax return since it is a deductible expense. Consequently, having paid too much or too little could alter the result of the IRPF.

If the result of the regularization of quotas is to pay, it is a deductible expense, if the result is to return, this amount must be subtracted to the deductible expenses. Does this mean that a rectifying declaration of the income tax return must be presented?

The DGT by means of binding consultation makes clear that the presentation of a rectification of self-assessment or of a complementary declaration does not proceed, what must be done is to include it in the tax return of the following year as a greater or smaller deductible expense.

Go ahead and declare the correct contribution base.

It is advisable to make a realistic income forecast at the beginning of the year 2025 in order to declare the correct contribution base and avoid large mismatches in the payment of self-employed contributions.

At Cigarrán Abogados we help you to understand and manage these changes. With our specialized advice and digital tools, you can optimize your labor and tax management, facing the challenges of 2025 with peace of mind.

Are you ready? Contact us today and simplify your work life.

¿Do you need help? At Cigarrán Abogados we can help you (+34) 91.355.85.15