Small incomes and reporting

Questions and Answers > Category: Tax Return / Advance Statement > Small income and reporting

Alain 3 years ago

Hello! I read your article about individual entrepreneurs and taxes, it is very interesting and useful, thank you. I still have a question, you have written that "If your income is less than or equal to 7-8 thousand per year, it makes no sense to register." that is, once a year when I submit a declaration of income, I indicate income in the column "income from other jobs" (for example, 7 thousand euros) and the question is, is this income net profit less expenses or should I indicate only what I learned without accounting for my costs?

1 response

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Nalog.nl Admin 3 years ago

Good afternoon, Alena, thanks for the question.

It is necessary to indicate separately income and separately expenses (if they are documented and they can definitely be attributed to this type of income). The program will automatically calculate the difference between them.

Regards, Nalog.nl Team