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Form 100. 2019 Personal Income Tax return

Social Security or contributions to mutual funds of the holder of the activity

This section will include contributions to the special scheme of self-employed workers (RETA) of the business owner and, where applicable, contributions to mutual benefit societies of the employer or professional.

Mutual Societies for Social Welfare of the employer or professional

As a general rule, contributions to Mutual Benefit Societies of the employer or professional are not deductible to determine the returns of the economic activity, without prejudice to the fact that they may be reduced by the general part of the taxable base .

However, amounts paid under insurance contracts with mutual benefit societies by professionals will be considered deductible expenses not included in the Social Security special scheme for self-employed workers, when, for the purposes of complying with the obligation provided for in Additional Provision fifteen of Act 30/1995, of 8 November, on the Planning and Supervision of Private Insurance those who act as alternatives to the aforementioned Social Security special scheme, in the part that covers contingencies covered by the social Security, with the maximum quota for common contingencies established in each financial year by the Social Security Institute.