Offshore Bank Accounts
Turner Little - Company Formation Agents
Utopia - P2P ecosystem and payments
DLS Dubai - Company Formation & Bank Account

Disclosing PayPal earnings

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

andrew25

Offshore Agent
Do you guys disclose PayPal earning to the government or do you do it only if they are asked. Because I had seen many people disclosing their adsense earnings to the government but not the PayPal earnings. I wonder whether all people are doing this.
 

wildy

Offshore Agent
I disclose all my earnings, because I knew here in Europe all governments have agreements with ebay to open data of each ebay member for the financial departments.


So if you are selling at ebay, you are an open book for the government.
 

dreamr802

Offshore Agent
I've never disclosed paypal earnings but I don't think I make enough on paypal to be required to show my earnings...I don't really sell on Ebay and I don't use adsense...so I guess I'm safe for now. Maybe if and when I make more online online then I will.
 

ponganne

Offshore Agent
How much earnings do you think a PayPal account holder must have before disclosing to the tax office? Is there a threshold level for taxing online earnings?
 

wildy

Offshore Agent
Poganne, the answer to your question about thershold level for taxing depends on the country.


Each country has a different sum. So you have ask your tax department how much you are allowed to have during a year.
 

sanju123

Offshore Agent
Well I do disclosing my earnings to the concerned authorities, though the the amount I earn is exempted from tax but I want to be on safe side. It is better to abide by the laws of the place where you are putting up.
 
Offshore Bank Accounts

Latest Threads

banner-768x909d6f12840c2c058f.gif
Offshore Bank Accounts
Utopia - P2P ecosystem and payments
Top