#49 Are Meal Expenses Deductible?

Can you deduct your daily meals as a business owner? And what about business lunches or employer-provided daily meals? 🍔 In the latest episode of the “Business Lessons in Denmark” podcast, Kati and Rezső explore the details of deduction of meal expenses, and share all the crucial information to help you avoid fines from the tax office. 🎙️ Main takeaways: 📌 Sole proprietors and one-person ApS’ cannot deduct their daily meals as expenses, as these are considered personal expenses. 📌 Larger companies can provide daily meals to their employees tax-free, provided the food is not considered luxury. 📌 For sole proprietors, meal expenses incurred during unexpected overtime cannot be deducted. 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/