The right to include in their business

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Zapisz się Entrepreneurs running a business in a private apartment have costs part of the expenses related philippines photo editor to its operation e.g. rent, electricity bills, etc. . Does this category also include interest on a private loan? Can any interest on a home loan be included in the costs? Interest is an expense if it meets the following conditions: They remain in a cause-and-effect relationship with revenues, so they should be incurred in order to achieve revenues or maintain or secure a source of revenues.



They do not increase investment costs during the period of implementation of these investments. Interest, commissions and exchange rate differences on loans credits increasing investment costs during the period of implementation of these investments are not considered tax deductible costs. They have actually been paid and are properly documented. Only interest paid on a home loan can be included in tax-deductible costs.