This new system of contributions for self-employed workers establishes 15 brackets with minimum and maximum bases, so that contributions of between €230 and €500 will be applied depending on the net income of the activity.
Therefore, the concept of net income is introduced to calculate contributions, and this implies discounting all the expenses of the activity, and taking into account that, on this basis, a deduction for generic costs of 7% is applied, and in the case of corporate self-employed workers of 3%.
Another important novelty is that self-employed workers will be able to modify their bracket every two months, and up to a total of six times a year, depending on seasonality or income forecast.
When the fiscal year is closed, and the annual net returns are known, the contributions will be regularized, and contributions will be returned or claimed, in cases in which the final net return tranche is below or above the estimates made during that year.
With this new contribution system, it is expected that one in two self-employed workers will have a lower contribution than the current one, while 25% will contribute more, and 25% will contribute less, according to data from Europa Press. One of the objectives is to be able to adjust payments as much as possible, so that Social Security does not lose income due to more generic calculations.
It should be taken into account that currently in Spain there are 3.3 million people subject to the Special Regime for Self-Employed Workers, and this represents a significant percentage in the Spanish economy.