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Accounting for the self-employed

11 December 2024 by
Galux S.à r.l., Gaetan Hertz

Since 01/01/2017, All self-employed people with a yearly turnover of more than EUR 100,000 should have an accrual accounting system. Below EUR 100,000 of yearly turnover and if you offer intellectual services, like consulting, you can have a cash basis accounting system.

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RCPi: what the self-employed pension scheme is really worth
Deduct up to 20% of your net income, pay a 20.9% flat tax instead of your marginal rate, and draw the capital free of income tax.