The 8% social security contributions (supported by the employee) are allowed as a deduction to the taxable income for PIT purpose of the employee.
No business deductions are allowed for employees.
For self-employed workers and individuals carrying out a commercial or industrial activity, business related expenses are allowed as a deduction to the taxable income, within certain limits.
Partner, Indirect Tax (VAT, Customs, and Excise)
+351 213 599 610
Director, Indirect Tax (VAT, Customs, and Excise)
+351 225 433 277
Partner, Deals Tax
+351 225 433 135
Partner, Tax Management & Accounting Services
+351 962 765 886