Lump sum, flat tax or scale – less than a month left to decide
At the beginning of each year, sole traders have the opportunity to choose the form of taxation of their business (including changing it from the previous year). This step can be taken no later than 20 February (assuming the entrepreneur has generated income in January).
This is the ideal time to check whether the current form of taxation is the most optimal. Not only the different tax rates, the deductibility of expenses, but also the separate rules for calculating the health contribution and the possible loss of certain allowances and deductions must be taken into account.
Do you have questions in this area? Perhaps you are considering changing your form of taxation? Feel free to contact us.