June 1, 2022
Are phone costs tax deductible?
We all use a phone on a daily basis. As an entrepreneur, you naturally want to deduct as many costs as possible. Just like many other costs, phone costs are tax deductible if you use them for business purposes. The costs of a business phone in addition to your personal phone are therefore fully deductible. Do you have a personal phone subscription which you also use to make business calls? Then you can estimate which part of the calls are business-related. You can then claim that part as a business expense. Of course, you need an invoice that meets all legal requirements for this.
Suppose you have a phone subscription of €10/month and you think 60% of the calls are business-related. Then you can deduct 0.6 * 10 = €6 per month.
So, phone costs are tax deductible in some cases. Be sure to follow the rules so you don't miss out on any deductions!