Filing

The "SME Statistics", incorporated into the series of Tax Statistics prepared by the State Tax Administration Agency (with the first reference year being 2017), is based on information relating to economic activities provided by self-employed individuals in their annual Income Tax returns and on information relating to the financial statements that corporate companies present in their annual Corporate Income Tax returns.

With regard to non-corporate SMEs, the regulations on Personal Income Tax, concerning the economic activity of entrepreneurs and professionals, establish three methods for determining the net income from economic activities: normal direct estimation, simplified direct estimation and objective estimation of economic activities.

This statistic simultaneously analyzes two groups of companies that carry out economic activities: One subset consists of non-corporate SMEs under normal and simplified direct estimation, and the other consists of small corporate enterprises. The aim is to complement the view of general economic activity with a comparative perspective, since until now, the analysis has been carried out independently on already published statistics. Unconsolidated annual accounts for Corporation Tax (formerly Annual Accounts in Corporate Income Tax) and Income from the Economic Activity of Self-Employed Entrepreneurs or Individuals.

An additional module is incorporated with information relating to corporate SMEs according to the European criteria, set out in Annex I of Commission Regulation (EU) No 651/2014.

The central focus of statistics is based on a profit and loss account. unified, common to the two groups that make up the study population, which allows the comparison of Spanish SMEs without a corporate form with SMEs with a corporate form. This way, it will be possible to compare the tax burden of a self-employed individual who carries out a certain economic activity under direct estimation and the tax burden borne by a company for carrying out that same activity. It will also be possible to compare the average turnover of both types of companies, the added value they generate, their expenses, their profits, as well as the number of employees hired; in short, the most outstanding characteristics of the company by activity, size, location, etc.