Accounting obligations for self-employed individuals in Spain

Accounting obligations for self-employed individuals in Spain vary significantly based on their specific activity and tax regime under the IRPF. For those engaged in business activities under simplified direct estimation, requirements include maintaining registries for sales, income, purchases, expenses, and investment goods.

Professional activities under direct estimation (both normal and simplified) require additional books for provisions of funds and supplies. However, business activities of a mercantile nature under normal direct estimation must adhere to the General Accounting Plan and the Commercial Code, necessitating a Daily Journal and Inventories and Annual Accounts.

Those paying via objective estimation or modules face more limited obligations, though these depend on specific circumstances such as depreciation. It is important to distinguish between a self-employed individual and a limited company; while the latter must file annual accounts with the Mercantile Registry, a self-employed individual generally does not, except in specific cases like limited liability entrepreneurs.