Mileage allowances and travel expenses for entrepreneurs
Business travel costs are a significant deduction for entrepreneurs, but only if they are documented correctly. This guide explains the differences between a driving log, mileage allowance and per diem for sole traders and limited companies.
You will need
- A driving log or app
- A calendar of customer visits
- The Finnish Tax Administration's current allowance rates
- Receipts for trips
Steps
Separate commuting from business travel
Trips between your home and your regular workplace are not business trips. Business trips include, for example, driving to a customer, a supplier or a training course.
Keep a driving log
Check the year's allowance rates
Limited company: pay yourself the allowance
Sole trader: deduct it in your taxes
Use per diems
Keep other expenses
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