Freelance Receipt Calculation
Self-employment receipt calculation with current rates. Easy Net to Gross, Gross to Net calculation.
Use this freelance receipt calculator to review gross amount, withholding and VAT step by step, then export the final net result as a report.
Related calculators: Loan Calculator, Payroll Calculation (For Employee), Tax Late Interest and Surcharge Calculator
If It Was an Invoice (Normal Company)
Freelance Receipt (SMM)
Customer Side (Expense)
Freelancer Side (Income)
Calculation Details and FAQ
1Who Issues Self-Employment Receipts?
Who Issues Self-Employment Receipts?
Those who work on their own account based on personal effort, scientific or professional knowledge (Doctors, Lawyers, Architects, Engineers, CPAs, etc.) issue it.
2When is an Invoice Issued?
When is an Invoice Issued?
If the activity is carried out under a company roof (Ltd. or Inc.) within a commercial organization, an Invoice is issued instead of a Self-Employment Receipt.
3Withholding Tax (Income Tax Deduction)
Withholding Tax (Income Tax Deduction)
If your client is a taxpayer, they deduct 20% from the payment and pay it to the tax office on your behalf. This amount is deducted from your annual tax.
4VAT Withholding
VAT Withholding
In services provided to certain buyers (Public institutions, etc.) (Consultancy, etc.), a portion of VAT is deducted by the buyer and paid (Usually 9/10).
5Difference Between SMM and Invoice
Difference Between SMM and Invoice
SMM has withholding tax, invoice does not (with exceptions). SMM is based on collection, invoice is based on accrual.
6VAT Exemption
VAT Exemption
Copyright earnings, health services, and services provided abroad (conditionally) may be exempt from VAT.