Community

Hardly any vAT deductible despite expenses?

SB
2024-04-11

Question

Can someone clarify this for me:

I have €1,900 (excl. VAT) in purchases for this quarter, but only €4.42 of that is deductible VAT?

A large part of this is social security contributions, on which no deductible VAT is calculated, which I understand.But I have also purchased some software tools that I need to do my job, with a total amount of around €200.

If I understand correctly, this is 100% deductible, right? Why is this not deducted, from where does that €4 come?

Could this have something to do with the fact that they are foreign companies?

Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

Webshop invoice

Fuel costs

Own collection + trading activity at start-up – received conflicting information

start-up costs

Purchase invoice date 2024, paid in 2025. Entered in which financial year?

Advance payment

Parking receipt

sent VF from Dexxter email address

Job bonus

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter