Procedures Guide

The Procedures guide allows entrepreneurs and decision-makers to have a reliable, precise and up to date overview of legal procedures and measures concerning commercial formalities to be undertaken. It is broken down into 6 sections in which you can find information and documentation required for formalities with Registry Offices at the Commercial Courts.

Tax provisions

The individual commercial agent is subject to income taxes (IR). Profits realised by the company must be declared on your personal income tax form. As a commercial agent, these profits are called Non-Commercial Profits (BNC).

They are determined either:

  • at a flat rate by the tax authorities (known as the micro-enterprise system) by areduction applied to revenue received during the year reported (the latter (revenue) must be less than 27,000 euros); or
  • by your own calculation, based upon the company's actual costs (known as the controlled declaration system).

With regard to the income tax (IR) rsystem, the tax rate is a function of all income and your family situation.