November 10, 2023
Childcare: What about the costs for an entrepreneur?
As an entrepreneur, you are often busy during the day. Especially when you have to take care of work and your children. Childcare can be the ideal solution. Unfortunately, childcare also comes with high costs. The tax authorities will help you with your hard work or studies by providing a childcare allowance. This allowance is available to both entrepreneurs and employees. You will have to pay for the other part of the childcare costs yourself. You will not receive the childcare allowance automatically, but you need to apply for it yourself.
The amount of the allowance varies for everyone. The allowance depends, among other things, on your (joint) income, the number of hours you work, and the number of hours your children attend childcare.
Curious about how much childcare allowance you can receive? You can calculate it here.
As an entrepreneur, you do not have any further tax benefits regarding childcare. The costs of childcare cannot be deducted from your profit. Childcare is already exempt from VAT, so you cannot claim back any VAT either.
Furthermore, there are several requirements that the childcare must meet in order for you to be entitled to the allowance. For example, your children must live at home and the childcare must be recognized. You can check whether the childcare for your children is recognized here.
So, don't forget to apply for the childcare allowance, because that would be a shame!
