Are you self-employed and have you been notified of an audit by the Ministry of Finance? Read these expert tips to help you prepare

Our partner, Mariela Hernández, commented in her article for El Financiero: “What is not advisable is to ignore the notice, respond after the deadline, or submit incomplete, contradictory or additional information without checking it first.” In fact, Hernández warned against offering speculative explanations, altering documents or signing statements, and accepting proposals for regularisation without understanding their scope.

It is not enough simply to keep your tax returns. Self-employed workers need supporting documents to explain the source of each item of income and why they included a particular expense in their business accounts. Hernández detailed the main documents that should be kept.

>> What documents should you have to hand? See the list here