Which costs am I not allowed to claim as business expenses?

Last updated: November 28, 2020
  • Purchase of food and drinks for personal use

  • Purchase of furniture for your office

  • Purchase of clothes

  • Purchase of fuel for your personal car for everyday use

  • Business lunches (technically, you can add them as business expenses, but fringe benefit tax applies - approximately 70%).

  • Rent of your house or apartment

  • Buying, renting or maintaining a property (office etc) in a different country

  • Costs of holidays

  • Costs of your family/friends

  • Costs of personal health care, insurance etc

  • Withdrawal of cash for personal use

  • Vehicles registered in a different country

If you’re in doubt, please contact us beforehand at support@xolo.io.

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