Until the end of this month of June, changes can be made to the self-employed quota

It is one of the quota changes that the new Self-Employed Law allows

2018 is the first year in which new deadlines are faced for changing the quota for self-employed workers, so it is advisable to know the key dates and the effects of carrying out this procedure now.

The latest Self-Employed Law, approved in October of last year, contemplates, among other measures, new dates for quota changes. Until the entry into force of the new law, self-employed workers could only modify their contribution base twice a year, while now, they can make up to four quota modifications per year.

The next deadline for the next permitted change expires on June 30, so those self-employed professionals who wish to change their contribution quota will have until that day to do so.

As the Law itself explains, self-employed workers “may change the base for which they are obliged to contribute up to four times a year”, choosing another within the minimum and maximum limits that are applicable to them in each year, “provided that "They request it from the General Treasury of Social Security."

Self-employed workers can change the basis for which they are obliged to contribute up to four times a year.

On April 1, the first deadline expired, with a deadline of March 31, the second opportunity will expire on July 1, with a deadline, as we just mentioned, on June 30.

The next two deadlines will be October 1 and January 1, 2019, always with the expiration date one day before (September 30 and December 31 respectively.

“Self-employed workers will only be able to choose a base that is between the minimum and maximum limits established specifically for them in each year by the respective General State Budget Law,” explains Social Security.

These limits are established between 919.80 euros and 3,751.20 euros for self-employed workers in general. Workers who were under 47 years old on January 1 will be able to choose between the established limits. Thus, workers who are under 47 years of age as of 01/01/2018 will be able to choose between the limits of the minimum and maximum bases, something that is limited to workers who are 48 years of age or older, since the maximum base will be 2,023. 50 euros monthly.

However, and among other nuances, Social Security warns: “For 48 years or more with 5 or more years of contributions before age 50, if the last contribution base is less than or equal to 2,023.50 euros, it will be necessary to contribute for a base between 919.80 and 2,023.50 euros/month. If the last contribution base is greater than 2,023.50 euros, contributions must be made for a base between 919.80 euros per month, and the amount thereof increased by 3 percent.

If you want us to advise you on the impact of the modification of the self-employed quotas for your particular case, do not hesitate to contact our experts in tax and labor matters. Contact.