In practice, an autónomo under direct assessment files Modelo 130 every quarter, while someone under the module system files Modelo 131 instead. There is an important exception: if most of your income already has tax withheld because you invoice companies or professionals, you are normally not required to file Modelo 130 at all. In an SL, Modelo 202 prepays corporate tax based on the result of the last year declared.
On Modelo 130 the advance is 20% of your accumulated net income for the year, minus withholdings already suffered and previous installments; Modelo 202 is filed in April, October and December. The quarter by quarter mechanics are covered in the Modelo 130 entry.
The typical mistake is treating the advance payment as an expense: it is not, because you get it back when it is subtracted in the annual return. Another slip is calculating it with the current quarter only, when Modelo 130 accumulates the whole year and subtracts what you have already paid. If a quarter comes out negative, you get nothing back at that point: it is offset in later quarters or in the annual return.
It is linked to the annual income tax return (declaración de la renta), to corporate tax and to withholdings. kontora prepares your forms box by box with deadline reminders, based on double entry bookkeeping kept up to date.
Guides that use this term
- Deferring or splitting a tax payment to Hacienda in Spain: how to apply, what can be deferred and what it costs
- Quarterly tax returns for the self-employed in Spain: which forms you file each quarter and by when
- How to fill in modelo 130 box by box: instructions and a four-quarter worked example
- Modelo 130: paying your IRPF in advance as an autónomo
- Modelo 131: the quarterly IRPF prepayment under módulos
Related terms
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