VAT deductions
If you work for Wolt or Foodora, the internet is full of tips on how to reduce your taxes on everything from your home office coffee maker to dog food. Let's cut to the chase. The reality is much simpler for couriers—and that's a good thing. You don't need to be an accountant to understand this.
In practice, VAT deductions for couriers boil down to two things: work equipment and our service fees.
Here is a list of what will work without adjustment.
1. Tools
If you use the device for work, it's an expense. Period.
- Electric bike: Electric bikes are put to the test on asphalt. If you need to buy spare parts or have your bike repaired, these expenses are tax deductible. As long as the bike's useful life and purchase price meet the criteria for tax deductibility.
- Phone: This is your most important tool. Both the purchase of a new phone and monthly phone bills are tax deductible. Without a phone, you won't get any gigs, so the taxman understands.
2. Truster service fee
Yes, our service fee is a VAT-deductible expense. BUT - we take care of this deduction for you in a way that brings you money right away, not next year.
Here's how it works:
Whenyou receive a payment through us, we automatically deduct the service fee VAT before transferring the money to you.
- What does that mean? You get an immediate tax benefit. You have more money in your pocket on the day of payment.
- What does it NOT mean? Since you have already received the benefit (money) when you made the payments, you will not receive a refund for this later.
You will see the service fee on your VAT report, but don't expect any "extra credit" from the tax authorities. We've already taken care of that for you.
Keep it simple
Focus on what matters:
- Add telephone expenses.
- Add the cost of the scooter.
- Let us take care of the rest automatically.