The Ministry of Finance has recently presented a draft law; the
focus of which is self-employed and freelance professionals.
This draft law aims to exempt the self-employed providing
professional services from the income tax rate of 0%. Currently
this rate applies to freelancers, commercial and self-employed
individuals, and small businesses with an income up to 14 million
ALL per year.
With the new tax changes, it is now intended that, after
deducting some expenses related to their professional activity,
freelancers will be taxed in the same way as salaried
employees.
This draft law also provides that self-employed professionals,
who do not exceed 10 million ALL per year, have the right to deduct
from the business income, the assumed expenses in a single amount,
from 35-90%, without keeping concrete records in accounting.
