LIMIT TO 50% TAX DEDUCTIBLE COSTS FOR AUTHORS

Artists, scientists, journalists, but also trainers and other professions falling under the label “author” could take advantage of a very preferential 50% tax deductible costs. This privilege was significantly limited as of 2013.

Also when calculating tax liabilities of artists and other creative professions for 2014, we must remember that not more than 42 764 PLN can be deducted as costs. This means, that in relation to income exceeding 85 528 PLN no costs are applicable.

Unless, of course, the taxpayer can prove he has actually incurred higher costs. This, however, requires keeping record of all expenses and in some cases it may turn out to be more favorable to register a business activity.

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