Professional Travel Deduction: Who Qualifies and What You Get
Learn how self-employed individuals in Switzerland can deduct business travel expenses from their taxable income.
This scheme allows self-employed individuals to reduce their taxable income by deducting costs related to business travel.
Who it's for
This deduction is specifically for people who are self-employed.
What you get
You can claim a full deduction for expenses incurred while traveling for business purposes. This lowers your overall taxable income, which can reduce the amount of tax you owe.
What it costs you
To claim these deductions, you must be diligent with your record-keeping. You are required to keep every receipt related to your travel and maintain a detailed travel log to prove your business trips.
The catch to know
There is a distinction between commuting and business travel. You cannot deduct the cost of traveling between your home and a fixed place of work. However, you can deduct the costs for traveling to various client sites.
How to apply
- Keep all physical or digital receipts for every business trip.
- Maintain a consistent log of your professional travel dates and destinations.
- Report these expenses when filing your tax returns with the relevant authorities.