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How much of that invoice is really yours?

Pick your country, type what you invoiced, and see how much VAT and tax to put aside before you spend. For freelancers in all 27 EU countries and the UK.

Where your business is registered

Period

VAT rate on your invoices

Standard rate: most services and goods.

Invoiced this quarterVAT you paid on business costsUsually reclaimable, which lowers what you owe.

My invoiced amount already includes VAT

Income tax to set aside (%)Your own estimate. Many freelancers use 25–40%; ask your accountant for yours.Expected turnover this yearUsed to check the small-business VAT exemption.

Standard rate: 21%
Reduced: 9%
Exemption limit: €20,000

Left after VAT and tax€2,920.00

Paid into your account€4,840.00

VAT you charged (21%)− €840.00

VAT back on costs+ €120.00

Income tax (30%)− €1,200.00

Yours to spend€2,920.00

Move to your tax pot€1,920.00€720.00 VAT for your quarterly return + €1,200.00 income tax.

Under the small-business limit

Below €20,000 a year you may qualify for: KOR (kleineondernemersregeling), optional. If you use it, you charge no VAT and set aside only income tax.

LeftAfter keeps this pot aside every month, next to your bills and savings.

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