What are social security contributions?
Social security contributions are required payments that self-employed persons must make to a social insurance fund quarterly. These contributions ensure that, as a self-employed person, you have access to social security benefits such as pension, health insurance and child benefit.
Deductibility of social security contributions
The costs of social security contributions can be deducted as professional expenses, which means you can use them to reduce your taxable income.
Social security contributions are required professional expenses for sole proprietors. By deducting these costs correctly from your taxes, you can reduce your tax bill and keep more money in your company. Make sure you keep all documentation and consult an accountant if necessary to ensure you are taking advantage of all tax benefits.
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