New Tax Measures 2024: How Do They Affect Self-Employed and SMEs in Spain?

The year 2024 brings with it important changes to tax regulations in Spain, especially aimed at the self-employed and small and medium-sized enterprises (SMEs). These new measures can have a direct impact on the fiscal management of your business, from tax returns to long-term financial planning. Being informed and having the right advice is essential to avoid penalties and take advantage of the new tax opportunities.

At AC ASESORES, we are specialists in labor and tax consulting, and we help you adapt to these changes to maximize tax benefits and minimize legal risks.

September 11, 2024

Labor and Tax

Main Tax Changes for Self-Employed and SMEs in 2024

1. New Personal Income Tax brackets

In 2024, new Personal Income Tax (IRPF) brackets will be introduced that affect both self-employed and SMEs. These changes may mean an increase in the tax burden, so it is essential to adjust withholdings and plan your income strategically.

2. Reduction of Incentives for Temporary Contracts

The government has eliminated some tax incentives for temporary hiring, with the aim of encouraging permanent contracts. If your company relies on temporary workers, it is important to review the impact these changes may have on your cost structure.

New Deductions for Investment in Sustainability

The transition to a greener economic model is a priority in 2024, and SMEs that invest in sustainability projects can benefit from new tax deductions. These deductions are aimed at encouraging energy efficiency and the use of renewable energies.

How Do These Tax Changes Affect You?

The new tax changes for 2024 may increase the complexity of managing your finances if you are not familiar with the current regulations. If you are self-employed or manage an SME, adapting your tax strategies to these changes will be key to optimize your tax burden and avoid problems with the Tax Agency.

How AC ASESORES Can Help You with Tax Advisory Services

At AC ASESORES, we work together with freelancers and SMEs to ensure that their tax obligations are managed correctly and to take full advantage of the new deductions available. Our services include:

Comprehensive Tax Advice: We help you understand and apply the tax changes in your business, optimizing your taxes and making sure you comply with all current regulations.
Tax Planning: We develop customized strategies that allow you to reduce your tax burden throughout the year, adjusting them to your particular financial situation.
Management of Tax Returns and Withholdings: We take care of preparing and filing your tax returns, avoiding errors and delays that could cause penalties.

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