All a freelancer needs to know about deductible expenses in France
By Panama Harris, June 17,2022
💡 Some expenses are considered excessive and these are known as “dépenses somptuaires” (’extravagant expenses’) in the language of the tax office. For example, a 1st Class travel ticket would be considered extravagant if the price is considerably more than a standard fare. These expenses are seen as detrimental to the interests of the company.
💡 All deductible expenses must be proven by an invoice or receipt.
💡 Buying a customer lunch must have a business interest for your company in order for it to qualify as a deductible expense.
💡 You may not simultaneously deduct both rent and coworking fees from your taxable income.