How To Operate A Business As A Sole Trader | 2 Monthly Expenses: Personal Income Tax and Social Security

As a sole trader from the day of registration, you have operational expenses. Each month, quarter, or year (time period) for the previous month, quarter, or year (time period). Firstly, you need to register online on eTax. Business administration is done only online, in electronic form. Secondly, you are liable to pay a personal income tax. Thirdly, you are liable to pay monthly contributions for the social security.