SELF-EMPLOYED

Self-employed is the abbreviation used for a self-employed person. Self-employment can be either main (main source of income) or secondary (e.g. a business in addition to employment). The tax system defines this abbreviation as an individual who has his or her own income, i.e. an entrepreneur or sole trader who is in business for profit. A self-employed person is a payer of personal income tax. In addition to the tax return, the self-employed person is obliged to submit a statement of income and expenses to the local social security administration and his/her health insurance company. A self-employed person does not have to file a tax return if he/she has suspended his/her business activity throughout the year and has reported this suspension to the trade licensing office. He will supply the tax authorities with the relevant certificate.