The tax rate that must be
Posted: Mon Dec 23, 2024 9:52 am
The self-employed, whether they are engaged in business or professional activity, can include in their invoice the income they receive as compensation for travel, accommodation and subsistence expenses . However, if they do so, they will have to apply VAT and personal income tax, just as they do with the amount corresponding to the provision of their services. Whether they are itemized or not is only a matter of greater specification for the client, but has no fiscal repercussions whatsoever.
applied to them is also the same as that at which the self-employed person pays taxes. If they provide services subject to the general rate, they cannot phone number in singapore apply the reduced rate to travel expenses, even if this rate is the one incurred at the time of carrying them out. These expenses will be tax deductible as long as they have a valid receipt, such as an invoice that meets the legal requirements and are accounted for.
The way in which travel expenses are passed on to the client depends on what has been agreed. Another possibility is to request the expense invoices in the name of the contracting company and not the self-employed person. In this way, the company will be able to deduct the expense incurred and there will be no repercussions for the self-employed person.
applied to them is also the same as that at which the self-employed person pays taxes. If they provide services subject to the general rate, they cannot phone number in singapore apply the reduced rate to travel expenses, even if this rate is the one incurred at the time of carrying them out. These expenses will be tax deductible as long as they have a valid receipt, such as an invoice that meets the legal requirements and are accounted for.
The way in which travel expenses are passed on to the client depends on what has been agreed. Another possibility is to request the expense invoices in the name of the contracting company and not the self-employed person. In this way, the company will be able to deduct the expense incurred and there will be no repercussions for the self-employed person.