Form 130: an advance on your income tax

Form 130: an advance on your income tax, every quarter. We explain what it is, who files it and when.

Personal income tax is the tax on what you earn in the year. With form 130, you pay part of it in advance every quarter. In your income tax return, you deduct what you paid, and if it was too much, you get it back.

The calculation covers the whole year: 20% of what you've earned since January, minus what you've already paid and minus your withholdings. If it's positive, you pay it. If not, you still file it, with nothing to pay.

An example. Marta is a translator. From January to June her income is 16,000 euros and her expenses 6,000: 20% of her profit is 2,000 euros. She deducts the 1,050 euros she paid in April and 150 withheld by a client. In July she pays 800 euros.

Who files it? Almost all self-employed people, even in quarters with nothing to pay. You don't file it if you're taxed under the module system, or if you're a professional and last year 70% or more of your income had tax withheld.

When? Four times a year, like VAT: from the 1st to the 20th of April, July and October. And for the last quarter, until the 30th of January.

With Abaq, you upload your invoices, we prepare your 130, you review it in the app, and we file it with your approval. Abaq, your PRO digital accountant.