I need some very specific information from you. I want to stream on Twitch. I have to tax the revenue, I know.
1. Does anyone know if there's a free allowance until when I do NOT have to tax the donations?
2. How much tax would be due? Is there a% sentence?
3. Do I have to register for a trade? I will NOT be Twitch Allifiate Partner.
These are not donations in the sense of the law, these are revenue, you have to tax of course. There's a basic allowance of 9,168 (for 2019) up to which no taxes will be levied. But even if you stay below this amount, you are required to file an income tax return. The tax office then checks whether ESt is set or not. The tax rate is progressive; the higher the taxable income, the higher the tax rate. Can you read the EStG.
Whether you have to register a trade, I can't answer for sure based on your information; Ask the trade office of your municipality. The editors should know that. But if you are under 18, you definitely need the approval of the family court.
In addition, I think that you are also liable for VAT; then you also have to submit a VAT return. If you do not comply with the small business regulation. § 19 UStG in Ansoruch take, you must submit in the first two years additionally monthly sales tax advance filings.
Thanks, great answer!
Trade must be registered.
