Post by rabia373 on Mar 10, 2024 2:22:57 GMT -5
Deductible expenses without an invoice are those that we can deduct in personal income tax . They do not need an itemized invoice to be counted in our activity. Salaries and salaries: these are the salaries of our workers, extra payments, compensation, incentives or allowances. Social Security: both yours as a self-employed person (RETA), and that of your workers. Also the Mutual Fund, in case you are a professional and choose this option. Taxes and fees: some of the taxes and fees that we pay and are related to our activity are also deductible, such as the IAE or the IBI. Insurance policies: you can deduct policies that have to do with your activity, such as civil liability insurance if you are a professional or insurance for your own premises, related to your activity. Bank interest expenses: the expenses that the bank charges you for your bank account (that of your activity), the interest for requesting an ICO loan, or any type of interest related to the financing of your business. Deductible expenses with invoice: Deductible expenses with invoice are those that we can deduct in VAT and personal income tax. They do need an itemized invoice to be counted in our activity and they must meet the conditions to be deductible seen above. Purchases and material necessary for the activity: those purchases necessary for our activity reflected on the invoice are % deductible. Also purchases office supplies, for example.
These expenses must have the purpose of our activity. Non-depreciable computer equipment could also be a deductible expense. For example, a computer for our activity would not be an expense but rather an investment asset that we would have to amortize annually. This amortization would be an expense for us, but not the outlay made for purc Whatsapp Number List hasing the computer in the first place. Services of external professionals: these are the professional fees of those people who help us in our activity. They are % deductible, if they give us an invoice, which usually comes with withholding. These are expenses such as the agency, the lawyer, the web developer, the photographer, the domain, the hosting, a SAS, etc. Professional training: Expenses on training that is directly related to your activity will also be deductible. It must be on the invoice and will normally be without VAT, as it is training. Here would not be deductible. Advertising and public relations: These are those expenses that allow us to give visibility to our business.
They are % deductible and we must always request an invoice. Here we include advertising agencies, digital marketing freelancers, companies that promote our brand on the Internet, large advertisers such as Facebook, Google Ads or Instagram. It is very common for these companies to issue us an intra-community invoice without VAT. In order to declare it correctly we must be registered in the ROI. Events, fairs and conferences: whether you are attending the fair or an exhibitor. You must request an invoice and the fair will have to be % linked to your sales activity. It is the same whether it is done in Spain or abroad. If, for example, you are dedicated to selling products online, the fair must be related to your sector. I recommend that you provide, along with the invoice, the program of the events you attend, in case you have any verification from the Treasury, in order to justify their deductibility. Repair and conservation: These are maintenance work, spare parts and adaptation of activity assets. An invoice is necessary, the ticket from the hardware store is not worth it. Expenses to improve the investment assets of the activity itself will not be deductible. These expenses represent a greater value of the investment asset and are therefore amortized.
These expenses must have the purpose of our activity. Non-depreciable computer equipment could also be a deductible expense. For example, a computer for our activity would not be an expense but rather an investment asset that we would have to amortize annually. This amortization would be an expense for us, but not the outlay made for purc Whatsapp Number List hasing the computer in the first place. Services of external professionals: these are the professional fees of those people who help us in our activity. They are % deductible, if they give us an invoice, which usually comes with withholding. These are expenses such as the agency, the lawyer, the web developer, the photographer, the domain, the hosting, a SAS, etc. Professional training: Expenses on training that is directly related to your activity will also be deductible. It must be on the invoice and will normally be without VAT, as it is training. Here would not be deductible. Advertising and public relations: These are those expenses that allow us to give visibility to our business.
They are % deductible and we must always request an invoice. Here we include advertising agencies, digital marketing freelancers, companies that promote our brand on the Internet, large advertisers such as Facebook, Google Ads or Instagram. It is very common for these companies to issue us an intra-community invoice without VAT. In order to declare it correctly we must be registered in the ROI. Events, fairs and conferences: whether you are attending the fair or an exhibitor. You must request an invoice and the fair will have to be % linked to your sales activity. It is the same whether it is done in Spain or abroad. If, for example, you are dedicated to selling products online, the fair must be related to your sector. I recommend that you provide, along with the invoice, the program of the events you attend, in case you have any verification from the Treasury, in order to justify their deductibility. Repair and conservation: These are maintenance work, spare parts and adaptation of activity assets. An invoice is necessary, the ticket from the hardware store is not worth it. Expenses to improve the investment assets of the activity itself will not be deductible. These expenses represent a greater value of the investment asset and are therefore amortized.