Last updated: March 01, 2025
π Step 1: Determine Your Taxable Income
- Revenue β Total earnings from your freelance work.
- Minus Expenses β Deduct allowable business costs (office supplies, travel, etc.).
- Minus Deductions β Apply eligible tax deductions (e.g., self-employed deduction).
π Step 2: Apply the Tax Rates (2024)
- Up to β¬75,518 β 36.97% tax
- Above β¬75,518 β 49.50% tax
π Step 3: Calculate Your Final Tax Due
- Apply the correct tax rate to each portion of your income.
- Add up the amounts from both brackets.
π Stay Updated!
Tax rates change yearly. If in doubt, contact hulp@xolo.ioβwe're happy to help!
With Xolo, our accountants handle all these calculations for you, ensuring your tax return is accurate and filed on time.
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