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In this case, there are also rules for the amount of income you're allowed to get without a VAT. I'm pretty sure in most EU countries the profitability of a se
by usernam 10y ago
In this case, there are also rules for the amount of income you're allowed to get without a VAT.
I'm pretty sure in most EU countries the profitability of a service supported by patreon (that is, a passive income in sub 10k range) would be almost nullified if correctly accounted for taxation.
I had long discussions with friends about legally accepting money for side projects. It's a very hard topic to discuss.
I'd be curious to know if anybody in an EU country is able to legally accept and declare a side income and retain anything more than 30%.