Primary industry deduction

Primary industry deduction

Click on Primary industry deduction on the left side menu underBusiness income to display an overview with Total primary industry deduction and a detail tab for each type of deduction.

Check Entitled for deduction to enable the registration fields.

The field Taxable result or deficit from business income is automatically transferred from Business income and spouse distribution.

Fill in the relevant fields to calculate the deduction.

The field Deduction to owner (amount within deduction limit) is calculated according to registered values and displayed on the overview tab.

Primary industry is activated by selecting Primary industry under Year-end closing - Information and tax - Information - Company information.