Business Registration and Tax Compliance Essentials

Business Registration and Compliance

Essential procedures include business tax registration, company social security enrollment, worker affiliation, formalization of employment contracts, legalization of official books, opening license applications, workplace communication, and the acquisition of sealed guestbooks and work clothing records.

Cooperatives

• Drafting the deed of constitution and statutes.
• Obtaining certification of refusal from the central registry.
• Applying for qualification of statutes and notarized public deeds.
• Registration in the official register of cooperatives.

Ownerships

Drafting the corporate contract and execution via a public notary.

Personal Income Tax (IRPF)

A direct tax on natural persons based on personal and family circumstances. To determine net business, professional, or artistic income, the following assessment schemes apply:

Normal Direct Estimation

• Industrial, Commercial, or Service: Requires journals, inventory books, and annual accounts.
• Non-commercial Activity: Requires sales and revenue books, income and expense records, and property investment logs.

Simplified Direct Estimation

Requires numbered invoices by date and quarter, capital goods records, sales and revenue books, and purchase and expense logs.

Objective Estimation

No obligation to maintain formal accounting books, though supporting documentation for all operations must be retained.

Self-Employed Status (Autónomos)

Individuals performing a direct, personal, and lucrative economic activity without an employment contract. Even if hiring other personnel, they must pay monthly social security contributions and register with the Special Regime for Self-Employed Workers in the province where the activity is exercised.