How much to set aside for tax per invoice
Of every invoice you collect, part is VAT that is not yours and part is IRPF you will pay in the quarter. This calculator separates what you can spend from what you must keep.
- You collect
- €1,060.00
- VAT that is not yours
- €210.00
- IRPF still to advance
- €50.00
- Genuinely yours
- €800.00
- Share to set aside
- 24.5%
This is an indicative draft, not a filing. The real figures depend on your situation and your books. Review it with your advisor before filing anything.
Take it into your Fider accountHow to use it
- Enter the invoice base without VAT.
- Enter the VAT rate and the withholding on the invoice. If you invoice individuals, withholding is zero.
- Keep 20% as the IRPF reserve or raise it if your effective rate on the annual return is higher.
- Set aside the result the day you get paid. What is left is what you can spend.
The 1,000 € example
Base 1,000 €, VAT 210 €, withholding 150 €. You collect 1,060 €. The 210 € of VAT is not yours. Of the 20% IRPF (200 €) your client already advanced 150 €, so 50 € is missing. You set aside 260 € and keep 800 €.
If you invoice individuals
There is no withholding, so you advance all the IRPF yourself in the 130. With 21% VAT and 20% IRPF you set aside 41% of the base. Collecting more does not mean having more.
Where to keep it
In an account you do not look at when spending. Fider solves it with a freelance wallet separate from the personal one and the 303 and 130 drafts built every quarter.
This is a reserve rule, not a tax assessment. VAT on your expenses and your deductions reduce what you finally pay.
Frequently asked questions
Why 20% IRPF?
It is the modelo 130 instalment rate on net profit. If your deductible expenses are high, 20% of the invoice base is conservative.
What about the VAT on my expenses?
You deduct it in the 303, so you end up paying less than you set aside. Better to reserve too much and recover it than to come up short.
Do I count the autónomo quota?
It is not in this calculator. It is a fixed monthly cost worth reserving separately.
Which withholding do I enter?
15% as standard. 7% in the year you register and the two following if you opt in. 0% if the client is an individual or outside Spain.
Is the total percentage always the same?
No. It depends on VAT, withholding and your effective rate. This calculator gives you the one for your case.