Business Expense Guidelines: Who Qualifies and What You Get
Learn how self-employed individuals in Switzerland can reduce their taxable income by correctly claiming professional business expenses.
This guideline allows self-employed individuals to subtract certain professional costs from their total earnings to lower their tax burden.
Who it's for
This is specifically for people who are self-employed.
What you get
You can claim professional costs to achieve a reduction in your taxable income. This means you only pay tax on your actual profit rather than your total revenue.
What it costs you
To use this, you must follow strict record-keeping rules. You are required to keep every single receipt related to your business spending to prove your claims.
The catch to know
Tax authorities pay very close attention to the split between personal and professional use. If you use items like your mobile phone or your car for both private life and work, you must be able to justify how much of the cost is truly for business.
How to apply
- Track all professional spending throughout the year.
- Collect and save every physical or digital receipt.
- Categorize your expenses clearly between business and private use.
- Report these figures when filing your tax return.