Post by joita97022 on Jan 9, 2024 3:45:58 GMT
The paid health insurance premium may be deducted from the tax amount. However what happens if an entrepreneur cannot deduct the full amount of contributions paid in his her business activity tax return? We will cover this topic in today's article. The principle of deducting health insurance contributions in business activities In accordance with applicable regulations the amount of the health insurance premium paid may reduce the tax payable.
The contribution is paid at the rate of % of the basis for calculating it and the law allows for a tax deduction of . % of the contribution. Regardless of the chosen form of taxation of his her business income income the entrepreneur has the right to deduct . % of the health Phone Number List insurance contribution. It may happen or a loss in business activity the entrepreneur will not deduct the health insurance premium in whole or in part.
The question arises whether the undeducted premium is forfeited? And here you can answer it depends. When can a health insurance premium not deducted in business activity be included in another settlement? In a situation where apart from business activity the entrepreneur also generates income from other sources he or she may use the undeducted health insurance contribution in another annual settlement.
The contribution is paid at the rate of % of the basis for calculating it and the law allows for a tax deduction of . % of the contribution. Regardless of the chosen form of taxation of his her business income income the entrepreneur has the right to deduct . % of the health Phone Number List insurance contribution. It may happen or a loss in business activity the entrepreneur will not deduct the health insurance premium in whole or in part.
The question arises whether the undeducted premium is forfeited? And here you can answer it depends. When can a health insurance premium not deducted in business activity be included in another settlement? In a situation where apart from business activity the entrepreneur also generates income from other sources he or she may use the undeducted health insurance contribution in another annual settlement.