Business income
Business income must be
clearly distinguished from employment income, property income and
capital gain. Business income is all economic, commercial, industrial
or financial ability to generate earnings that are more than just
holding or
passive ownership.
Most of the expenses of the company are deductible, except a small part representing exceptions to the rule. The expenditure of capital nature are not deductible. Same for the expenses to earn exempt income (e.g. premium life insurance), expenditures that not generated to earn business income and all other expenses unreasonable.
The expenditure of capital nature are not deductible. However, you can deduct depreciation of some goods. However, the goods must be part of a class prescribed by the law, it must be available for use and be used to generate income (eg, buildings, rolling stock, office furniture, patents...).
Certain rules must be applied when calculating the amortization period. The rule of 1 / 2 rate applies in the year of acquisition of depreciable goods on net acquisitions. The pro-rata rule to the number of days applies when the fiscal year is less than 12 months. Finally, the commissioning rule, which means that one is entitled to deductions on depreciation only when the property generates income. These rules are all applicable to the deduction of depreciation of business income.
Most of the expenses of the company are deductible, except a small part representing exceptions to the rule. The expenditure of capital nature are not deductible. Same for the expenses to earn exempt income (e.g. premium life insurance), expenditures that not generated to earn business income and all other expenses unreasonable.
The expenditure of capital nature are not deductible. However, you can deduct depreciation of some goods. However, the goods must be part of a class prescribed by the law, it must be available for use and be used to generate income (eg, buildings, rolling stock, office furniture, patents...).
Certain rules must be applied when calculating the amortization period. The rule of 1 / 2 rate applies in the year of acquisition of depreciable goods on net acquisitions. The pro-rata rule to the number of days applies when the fiscal year is less than 12 months. Finally, the commissioning rule, which means that one is entitled to deductions on depreciation only when the property generates income. These rules are all applicable to the deduction of depreciation of business income.