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code 1606 tax return

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2022-06-21

Question

Dear Sir/Madam, I was wondering why the amounts of the professional declarations (code 1606) on the tax return do not match the total amount listed as ‘expenses’ on the Dexxter dashboard. Surely you are taxed on your net income?

Another question: suppose you only registered in the last quarter of 2021, is your income multiplied by 4 to calculate your taxable amount?

Thanks in advance

Annelien

Heyhey,

If you click on code 1606, you will find information that may serve as an answer to your question. The difference seems to be between trade goods (if you have already purchased them) and social security contributions. These are listed under separate codes (which are also listed there).

I don't know about the other one, but maybe someone else here does? (Why would you do x4?)

No, not to do x4 for the taxable amount. That only applies to the social security contribution thresholds to see whether you are still exempted from social security contributions or not.

For everything else, there is no x4, x3 or x anything else when you start. So for personal income tax, the profit is simply the profit, period. Do not multiply it by x anything.

Good question, though!

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