5 replies to this topic

[pirateXcore]

If my website is on the receiving end of donations, are there taxes that need to be paid out?
I'm unsure how donations work. The donations will be used to help pay for the website/contests/events...etc

[Panzer]

A little late reply, but if your still here:

Im pretty sure taxes apply to donations $500 or $1000 and over, or someone who earns over $15,000 a year through the particular means (in your case donations).

I wouldn't worry about it.

[pirateXcore]

I'll always be here.
Thanks for the reply

[DNAYx1]

dont you only have to pay taxes if you sell anything in particular? as in having a little business?
having a free organization is free, or is it only free up to the point when u make $$$$$ tons

[ewebber]

I think it's better if you check with an accountant, tax laws are different in every country. I'm not an expert, nor an accountant, but in Canada I believe you don't have to pay tax on donation cause it's not consider to be an income.

[Faken]

pirateXcore, on Apr 9 2008, 02:59 AM, said:

If my website is on the receiving end of donations, are there taxes that need to be paid out?
I'm unsure how donations work. The donations will be used to help pay for the website/contests/events...etc

No question, that is income you must declare. Then you declare your expenses as well to balance it out...

Dan