Expenses that can be deducted by an autonomous in the declaration of income

Expenses that can be deducted by an autonomous in the declaration of income

In the first place, we must not forget that only those expenses that are related to the professional activity are deductible. That is, personal expenses cannot be presented in the self-employed income statement.

Any expense that is presented must be accompanied by its corresponding invoice and its entry in the books of expenses and investments of the professional activity. The maximum amount to be deducted is set at € 2000 per year.

Among the main deductible expenses are the following:

  • Operating Consumption: Depending on the type of activity carried out by the self-employed person, these may include one or other concepts. Among them are the expense of gasoline, raw materials, possible packaging necessary to develop professional activity, office supplies and so on.
  • Payments to workers: Those self-employed persons who have dependents may deduct salaries, extraordinary payments, remuneration in kind or allowances to be paid according to the displacements required to carry out the professional activity.
  • Social Security fees: All self-employed persons may deduct Social Security fees in the declaration of income. In addition, those freelancers who have workers in their care may deduct the costs of hiring and payments and Social Security fees.
  • Miscellaneous expenses: For example, those related to medical insurance, pension plans or training courses for workers.
  • Professional services derived from professional activity: For example the commissions to be paid to commercials, the expenses of lawyers, managers, and so on.
  • Financial expenses: These expenses are associated with the loans and credits that have been requested to be able to start the professional activity.
  • Conservation and repair expenses: The expenses of the maintenance of the material goods associated to the professional activity can be deducted. For example, if you work as a courier, the maintenance and repair costs of the vehicle may be included in the income statement.
  • Expenses for the payment of fees and leases: In case of having rents, some leasing, technical assistance, etc., they can be deducted in the income statement.
  • Transportation expenses: In case the business you have is associated with transport, the deduction will be 100%. If you use your vehicle to carry out your profession every day, you can deduct up to 50% of VAT. If both you and your employees use public transportation to work, it can also be included in the income statement.

These are just some of the concepts that you can deduce as autonomous. If you have a good tax advisor, do not hesitate to review with him both these and the rest.

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