Clothing suitable to wear outside of work must have your company logo. That is clothing that you wear exclusively in the context of your business. But aso participating in business congresses and seminars, including travel costs. Promotion and representation costsĭo you spend money to promote or represent your business? For example, with a website, business cards, business gifts, or business lunches. You can deduct these insurance premiums from your profit.
#List of tax deductions for small business professional
For example, a business or professional liability insurance. Insurances you take out for your business are business expenses.
Learn more about the deduction of study costs for work (in Dutch). You can also deduct costs for specialist literature. For study costs made simply to learn something new, consider applying for the STAP budget for training and development. Study costs that are made to keep up to date with specific knowledge needed for your business can be deducted from your profits. The Dutch Tax and Customs Administration has a tool (in Dutch) to help you calculate what costs you can deduct for a workspace in your home. Running a business from your homeīusiness expenses for a workspace in your home cannot usually be deducted. Business locationĭo you have business premises? For example, an office, factory, shop, or workshop? Learn more about what costs are deductible for your business premises. The Dutch Tax and Customs Administration ( Belastingdienst) calls this an input tax deduction. You can usually deduct the VAT you pay on your business expenses in your VAT return. To do so, you divide the costs over the years in which you use the asset. Sometimes you must spread the deduction over several years, such as when buying a company car. Deductions that must be spread across multiple years Read more about expenses you can deduct in 1 year (in Dutch). Many business expenses can be deducted at once but business assets must be spread over several years: Deductions that must be made in 1 yearĬosts that you incur in 1 year can be fully deducted in the same year. If you have costs that relate to both business and personal uses, you can only deduct the business part (in Dutch). For example, costs for registering in the KVK Business Register. These start-up costs are sometimes deductible. There are also costs related to starting a business. These costs are also called business expenses. Such as the rental costs for business premises or costs for an internet subscription.
You can only deduct the costs that you make for your business.
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