I completely agree with this , 20% Fiverr Taxes and around 46% other taxes ... so from a 100$ order I am left with less than 42$ after paypal taxes,conversion taxes ( USD to euro and so on ) Not to mention that I have no idea how to proceed
I think there should/is a minimum threshold under which you don't pay any taxes. For example, if you earn $8,000 for the entire year, you won't pay any taxes. Or if you earn $30,000 you won't exactly pay the maximum tax of 46%, but let's say a lower one of 30%. I'm not sure though.
DAC7, why do they let sellers know just now!?
in My Fiverr Experience
Posted
I think there should/is a minimum threshold under which you don't pay any taxes. For example, if you earn $8,000 for the entire year, you won't pay any taxes. Or if you earn $30,000 you won't exactly pay the maximum tax of 46%, but let's say a lower one of 30%. I'm not sure though.