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This library looks good. But I wouldn't hold my breath that you will get any donations. I recently created a similar solution and the result after about a milli
by tobltobs 11y ago
This library looks good. But I wouldn't hold my breath that you will get any donations. I recently created a similar solution and the result after about a million few was nada, nilch, zero. If you now consider that by accepting donations you have to solve the EU VATmess it is not worth the effort.
- DennisP 11y agoBitcoin transactions were just ruled exempt from Europe's VAT: http://www.coindesk.com/bitcoin-is-exempt-from-vat-says-european-court-of-justice/ http://www.coindesk.com/bitcoin-is-exempt-from-vat-says-euro... That doesn't mean you don't have to pay the VAT just because you buy something with Bitcoin, it just means that bitcoin/dollar exchanges don't owe tax. I don't know whether VAT applies to donations.
- tobltobs 11y agoThe question is not if donations are excempt from vat, but if your tax collector will believe you that you are a non profit organisation.
- DennisP 11y agoSo pay taxes on the income, it's still better than not having the income. If you are attempting nonprofit status, donations are less of a red flag than advertising. But I don't see what that has to do with VAT, which you brought up.