SELF-EMPLOYED: TAX AND ACCOUNTING ADVICE

 

Comprehensive Tax & Accounting Services for Self-Employed, Freelancers, and Expatriates in Lanzarote 

Located in Lanzarote´s capital, Arrecife, our main objective is to offer top-quality sole trader tax advice, sole trader accounting services, freelancer accounting services, and more in Lanzarote. Our tax advice services exceed our customers’ expectations, and we are adaptable to their demands, offering advice and personalised planning tailored to their needs. 

At Prolanz Asesores, we take care of your accounting, taxation, and everything else you need so you can focus on your work. Our tax advisors will take care of the rest. Being self-employed is difficult, and our priority is facilitating your working life. 

Our team simplifies the process of filing tax returns, ensuring that all aspects of tax management are handled efficiently. This allows you to focus on your work without worrying about administrative tasks. 

If you are already self-employed or intend to register as such, we will offer advice and management so that you can develop professionally efficiently and simply. 

Do Self-Employed Individuals Need an Accountant in Lanzarote? 

While not legally required, an accountant’s guidance can be invaluable for self-employed individuals navigating Spain’s complex tax system. At Prolanz Asesores, our advisors specialise in Spanish self-employment regulations and can simplify processes, reduce errors, and help you claim every available deduction. 

Our advisors can help you identify and claim Spanish freelance tax deductions, ensuring you have proper invoices and receipts to support these claims and reduce your overall tax liability. 

Your #1 Tax Advice and Accounting Services For Self-Employed In Lanzarote 

At Prolanz Asesores, we work so that our clients get the highest savings, thanks to excellent planning and Spanish tax advice. 

We provide specialized advice on freelance taxation, helping you navigate the specific tax forms required and highlighting the various deductions you can claim on your income tax returns. 

Whether you are self-employed or an entrepreneur in Lanzarote, Prolanz Asesores will provide help and advice regarding your obligations as self-employed in the most effective and personalised way possible. Your satisfaction is our top priority, and our tax advisors’ highest priority is helping our clients in all possible ways. 

In line with our philosophy, our tax advisors offer help so that our clients reach their objectives with the maximum support of our professionals. For this reason, we assign to each project a specialised professional who will offer you advice in the most effective way possible, offering everything between sole trader tax advice services, sole trader accounting services to anything you may need as a freelance, or self employed, or sole trader (autonomo) business owner, whether you are a resident, Spanish national or an expatriate. 

Self-Employed Services Offered At Prolanz Asesores 

Among the multiple services offered by our advisors in Arrecife, Lanzarote, we highlight mainly: 

• Registration Assistance - We handle the submission of forms and registration with Social Security and ensure compliance with treasury obligations. 

• Tax Filing and Advisory – Prepare and submit IRPF declarations, VAT returns, and income tax documents. 

• Guidance on how to file freelance tax, including the processes and forms required for quarterly and annual declarations. 

• Expense Tracking and Deductions – Accurate tracking and submission of deductible expenses for your business activity. 

• Bookkeeping and Accounting – Comprehensive accounting services, including invoice tracking, required tax documents, and preparation of official books. 

• Updates on Regulatory Changes – Timely alerts about accounting or tax regulations that impact your business. 

• Customised Financial Planning – We offer strategies tailored to maximise your savings and ensure compliance with Spain’s tax regulations. 

Key Questions Answered for Our Self-Employed Clients 

Do freelancers and self-employed people pay taxes in Spain? 

Self-employed individuals are subject to Spain’s income tax, or IRPF. We offer comprehensive guidance on this process, ensuring timely submissions and optimal tax planning. 

We work closely with the Spanish Tax Agency (Agencia Tributaria) to ensure compliance with all tax regulations and facilitate processes like the monthly VAT return for self-employed individuals in Spain. 

How Does IRPF Work for Sole Traders in Spain? 

IRPF (Impuesto de la Renta de las Personas Físicas) is Spain’s personal income tax. Our advisors help determine your tax bracket, calculate contributions, and manage quarterly and annual submissions. 

Can Self-Employed Workers Claim Expenses? 

Certain business-related expenses are deductible, including office supplies, home office costs, and vehicle expenses (if used for business). Our advisors will ensure your claims align with Spanish tax rules, optimise deductions and lower your taxable income. 

Additionally, food expenses for meals eaten outside the home can be claimed, provided they are properly documented and meet the requirements for domestic and international expenses. 

How much tax does a freelancer pay in Spain? 

Self-employed individuals in Spain are subject to several tax obligations, including income tax, social security contributions, and potentially value-added tax (VAT). Here’s a breakdown of the main requirements: 

• Income Tax (IRPF): Freelancers in Spain pay progressive income tax rates based on income levels, ranging from 19% to 47%. The specific rates are: 

  • 0 to 12,450€: 19% 
  • 12,450€ to 20,200€: 24% 
  • 20,200€ to 35,200€: 30%
  • 35,200€ to 60,000€: 37% 
  • 60,000€ to 300,000€: 45% 

  • Above 300,000€: 47% 

Freelancers must file an annual income tax return (Declaración de la Renta) and make quarterly payments to the tax agency. Our advisors can help reduce your taxable income within legal limits and ensure compliance. 

• Social Security Contributions: As an autónomo, you are required to make monthly contributions, which are calculated based on your declared income. These payments provide access to social security benefits. 

• VAT for Self-Employed Workers (IGIC): If your activities require IGIC, you must charge IGIC (usually 7%) on invoices and file quarterly IGIC returns. Some goods and services qualify for reduced IGIC rates, such as 3% or even 0% for essential items. Accurate transaction records are essential for proper calculation and filing. Our advisors help navigate IGIC obligations and ensure compliance with Canary Islands' tax regulations. 

What are the costs associated with being self-employed in Spain? 

In addition to income tax, there are social security contributions. You must pay a fixed monthly fee to the Spanish Social Security system. This fee applies even if you don't earn any income. 

Self-employed individuals are also subject to IGIC. We provide detailed cost breakdowns and optimise expenses for maximum savings. 

Need Registering as Self-Employed in Spain? We Can Help. 

Registering as self-employed in Spain involves several steps, including registering with the Spanish Tax Authority, Social Security, and other government departments. 

• Obtain a tax identification number (NIE) if you don’t have one, as it’s essential for all tax-related activities. 

• Register with the Spanish Tax Authority (Agencia Tributaria) by submitting Form 036 or 037, depending on your situation. This registration enables you to declare income and pay taxes. 

• Register with the Social Security system to contribute to and receive Spain’s social security benefits. 

• Submit the TA.0521 form to your local Social Security office. 

• Make monthly social security contributions once registered. 

We can cover A to Z for all your self-employment registration needs, ensuring a smooth, compliant setup so you can focus on building your business. From NIE assistance to tax and social security registration, our experts carefully handle each step. 

Filing Income Tax Returns with the Spanish Tax Authority 

To file your income tax return with the Spanish Tax Authority, you must complete Form 100 (Modelo 100) and submit it to your local tax office. You must also provide supporting documentation, such as invoices and receipts, to justify your income and expenses. 

Our advisors can assist you in preparing and filing your income tax return, ensuring all your income and expenses are accurately reported. This will help you avoid any potential issues with the tax authorities and ensure you are paying the correct amount of tax. 

Ready to Optimise Your Tax Strategy? 

At Prolanz Asesores, we understand the needs of companies, individuals, self-employed, and entrepreneurs. For this reason, we offer a wide range of services to cover all possible needs. Our advisors are professionals with years of experience who will not hesitate to offer you a high-quality service in a personalised manner. 

Do not hesitate to contact us if you want to improve your tax planning as a company and professional or learn more about your tax situation as a national, expatriate, resident, or non-resident, with the best professionals in advice and management.