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Taxation on Internet Money You Earn

by Syed Bilal Shah
6 replies
Hello Guys,
I am planing to move to europe. But the thing is i have been living in a country where there is no tax at all on internet earnings. I wonder do you pay tax in europe? or USA, Canada. I want to know how much tax do you pay on average on internet money you earn and in which country do you live in?

Is there anyway to avoid or pay little amount of tax from online income?

List if Tax Rates in Europe:
https://en.wikipedia.org/wiki/Tax_rates_in_Europe

As per the list you left with $$ from $$$$

Correct me if i am wrong!

Thanks
#earn #internet #money #taxation
  • Profile picture of the author katarina1
    We do,it's called VAT,(A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally),Google it.If you have a hosting in US,or domain,you have to pay in EU and in US.If you have your own product you have to pay VAT. Go to - ec.europa.eu/taxation_customs/
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    • Profile picture of the author AnniePot
      Originally Posted by katarina1 View Post

      We do,it's called VAT,(A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally),Google it.If you have a hosting in US,or domain,you have to pay in EU and in US.If you have your own product you have to pay VAT. Go to - ec.europa.eu/taxation_customs/
      Exactly what I referred to above. VAT has nothing to do with taxation levied against earnings.It's an accumulated sales tax levied on goods and some services.It has nothing to do with earnings.
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  • Profile picture of the author AnniePot
    It's not a good idea to ever ask for advice on taxation or legal matters on a forum such as this because you will probably receive a lot of erroneous advice.

    I can tell you that as far as Europe and North America are concerned you will need to pay taxes on the amount of your earnings left after you've deducted all your legitimate costs in doing business.

    You will need to keep records of all your business outgoings/expenditures then find a good tax accountant to work with come tax time.
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  • Profile picture of the author BradVert2013
    Talk to an accountant or lawyer.
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  • Profile picture of the author Antony Micheal
    you can ask someone who have gone EU before you
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  • Profile picture of the author rehema
    I had the same question as well it But i appreciate the input that we will have to ask professionals but It would have also been better if we had received first has cases studies from those that are in these places now.
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