Spain 🇪🇸 was just FORCED to eliminate VAT for self-employed people billing under €85,000 a year
Every other EU country did this in January 2025. Germany, France, Italy... all of them.
But of course, Spain said no
I've been self-employed in Spain, so I know what quarterly VAT declarations feel like
The modelo 303, the gestor fees, the Friday afternoons reconciling invoices...
It's a real weight, especially when you're starting out and every hour counts. And that's not to mention that every Euro a client has to spend on VAT, he can't spend on you
So when the EU passed the directive that would remove all of that for small freelancers, you'd think Spain would have jumped at it
But... of course they didn't. For over a year, while 1.5 to 2 million Spanish autónomos kept filing and paying, their counterparts in every other EU country had already moved on
The European Commission eventually took Spain to court over it. The potential fine was around €30 million
And here's the part that's hard to swallow: by some estimates, Hacienda was collecting around €200 million a year from those small freelancers. Even with the fine, the math worked in their favor. So they kept saying no. They just don't care
What finally changed it wasn't pressure from Brussels, but Junts threatening to vote against an unrelated energy crisis decree unless the government included the measure. Classic
Anyway... It passed
In practice: if you bill under €85,000 a year, you no longer have to charge VAT on your invoices or file quarterly declarations. The trade-off is you can't deduct input VAT on your expenses either, so it's more of an administrative relief than a straight tax cut. Whether it's worth it depends on your cost structure, but just the time you save alone makes this huge, imo
For a lot of freelancers, especially those working with end consumers who can't deduct VAT anyway, this is genuinely good news
But more importantly... this is too little, too late, as always. It took a court case and a political hostage situation to make it happen
But hey, at least it's done
That's Spain for you. The country is magnificent... but the system fights you every step of the way
Hoy me siento bien:
- 1 mes de entrenamiento completado
- 10kg perdidos
- obteniendo beneficio en Bear market
- feliz en el trabajo
-feliz en el amor
-feliz con la familia
Dejé la obsesión por hacer dinero 24/7
Todo cambia cuando tu objetivo es tiempo y no dinero.
- "A quienes dicen que a Estados Unidos solamente le interesa el petróleo, a esas personas les pregunto: ¿Qué creen que querían los rusos y los chinos? ¿La receta de las arepas?"
JJAJAJAJAJJAJAJAJAJJAJAJAJJAJAJJ, se pasó.
average crypto trader (male):
- works 4 jobs (blue collar)
- pays the rent and utilities
- liquidation PTSD disorder
- 17 charts, AI signals + paid gcs to make 6%
vs
average crypto traders (female):
- tweets one selfie + gm
- has no clue we’re in a bear market
- 18 sponsorships
- “what is market cap”
Una ex-policía cree que es buena idea porque perseguir a quien genera riqueza en este país, para inventar que la “redistribuye” entre los más necesitados, mientras vive en su chalet de más de 500m2 pagado con los impuestos de todos. Yolanda diaz te vas a quedar tú sola en España.
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We've spent the last 5 days sorting through $1.39B dollars and 53,000 bidders to find the right owners for $MEGA's Public Sale.
Namik's article deeply details our approach and the shape of allocations. Scroll for highlights. (thread)
Announcing The Conviction Round Methodology
We've spent the last 5 days sorting through $1.39B dollars and 53,000 bidders to find the right owners for $MEGA's Public Sale.
Namik's article deeply details our approach and the shape of allocations. Scroll for highlights. (thread)
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