Smart Investing as an Entrepreneur: How to Get More Tax Benefits from Refurbished Apple Devices

Whether you’ve just started out as a freelancer or have been running a business for years, one thing remains the same: you need to keep investing in your company. High-quality business equipment, such as a reliable smartphone, laptop, tablet, or desktop, is simply indispensable. However, the costs can quickly add up. What many entrepreneurs don’t realise is that smart purchases not only save money but can also reduce your profit, and in turn create additional tax benefits. In this blog, we explain how this works and how refurbished devices play a key role. Please note: this scheme applies only in the Netherlands, not Belgium.

Table of Contents

• Costs vs Investments
• The Best Refurbished Apple Devices under €450
• Equipment over €450: Depreciation Still Offers Benefits
• Extra Tax Advantages via the Small-Scale Investment Deduction
• Why Choose iUsed?

Costs vs. Investment

Opting for a refurbished device is already a smart move. You’re making a sustainable choice while often saving up to 70% compared to buying new. But you can gain even more advantages if your purchase is considered an expense rather than an investment by the tax authorities.

If you buy a device for less than €450 excluding VAT, it is classified as an expense. This means you can deduct the amount from your profit in the same year when filing your income tax return. You immediately benefit from tax savings, leaving more money for other business expenses.

The Best Refurbished Apple Devices under €450

To make the most of these tax advantages, ensure that the purchase price of your business equipment stays under the €450 threshold excluding VAT. Refurbished Apple devices are an excellent solution: the same premium quality as new, but much more affordable. At iUsed, you’ll find, among others:

• iPhones from the SE series up to the iPhone 14 under €450
• iPads (recommended from 2020 onwards) for creative entrepreneurs
• MacBook Air models within budget
• MacBook Pros and the Mac mini, suitable for heavy software and large projects

Equipment over €450: Depreciation Still Offers Benefits

Have your eye on an Apple device that costs more than €450 excluding VAT? In that case, the Dutch Tax and Customs Administration considers it an investment. This means the device must be depreciated. Since 2007, the rule is that you may depreciate a maximum of 20% per year, which results in a minimum depreciation period of five years. Although you won’t receive the tax benefit all at once, it will provide a worthwhile tax advantage spread over several years.

Extra Tax Advantages via the Small-Scale Investment Deduction

Are you purchasing multiple refurbished devices within one year, and does the total business investment exceed €2,400? Then you may qualify for the Small-Scale Investment Deduction (KIA). Note that each individual device must cost at least €450 excluding VAT to be eligible.

The KIA is an additional deduction that reduces your taxable profit, allowing you to pay less tax as an entrepreneur. Especially when choosing high-quality refurbished Apple devices, this can result in an appealing extra tax benefit. Do you want to know exactly how the scheme works? Check the information provided by the Dutch Tax and Customs Administration.

Why Choose iUsed?

Smart and sustainable investing pays off, especially when you choose refurbished. At iUsed, business customers benefit from:

• Attractive prices on high-quality refurbished Apple devices
• Business invoices with correct VAT specifications
• Professional advice to help you choose the right business investment

In addition, we are ISO-certified, have more than 30 years of experience, and offer a standard 3-year warranty on all our refurbished products.

Fiscal Disclaimer: We do not make any tax-related promises. Whether your investment qualifies for the Small-Scale Investment Deduction (KIA) depends on your specific situation. Always consult your own accountant or tax advisor for personalised advice.