Deduct the cost of magazines and journals
Easiness to justifyAverage amount deducted50-100€ per quarterFrequency3-4x per quarter
Have you already subscribed, or are you dreaming of subscribing, to this slightly expensive but massively inspiring magazine? You can probably deduct it.
Your newspaper and magazine subscriptions are relatively easy to deduct.
Are these publications useful to your profession?
You can deduct them at 100%, both for VAT and income tax purposes, as long as it helps you to maintain or increase your professional income.
You should be able to justify this professional relationship without any problem: if the publication is specific to your profession (e.g. business magazines for consultants, decoration and architecture magazines for architects and construction professionals), it is obvious that you are buying it for professional purposes.
Otherwise, avoid deducting your readings. Thus, recreational publications, publications that your children read, publications that help you better decorate your home or prepare your leisure trips… are not deductible!
What applies to magazines also applies to software and other databases
As an independent, you can deduct all the costs relative to the documentation that helps you in your business.
The subscription to or purchase of a professional database will therefore be deductible. So is your subscription to LinkedIN 😉
Think about it.
In Accountable, you will find these expenses in the Office & Admin costs