The federal government is making an attempt to assist younger freelancers of their first skilled steps by means of an applicable tax framework.
On this context, new self-employed individuals can be taxed at a price of 4.5% on their 2022 earnings – ie 50% decrease than the relevant tax bracket for the primary tax bracket.
So long as the annual gross earnings from their enterprise actions doesn’t exceed 10,000 Euros, the lowered tax price can be utilized for the primary three years of their operations.
On the similar time, younger self-employed individuals are exempted from the skilled efficiency price (“telos epitidevmatos”) for the primary 5 years from the date of employment, whereas the quantity of provisional tax to be licensed has been halved – to 27.5%.
So long as their annual gross earnings is lower than 10.000 €, exemption from worth added tax can also be offered. Youth entrepreneurship can also be supported by waiving the minimal start-up capital when beginning a one-man enterprise.
For his or her earnings from a enterprise exercise, freelancers should file an earnings tax return, particularly varieties E1 and E3.
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