I have been doing a lot of reasearch but I still haven't found a complete answer. I hope I will find one here.
I have several websites and I am earning a nice income each month. Now that the money gets flowing in I would like to declare it and pay taxes.
Most people say that you have to pay taxes for online income and I also found some claiming that you don't have to. This is what an accountant said "She said that since we are bringing dollars to the country we can be considered as OFW's where earnings are tax exempted when entering the country". I don't really know what this means.
Anyway I am living in the EU and I am getting the money mostly from the US.
What are the steps in order to pay the taxes?
I have several websites and I am earning a nice income each month. Now that the money gets flowing in I would like to declare it and pay taxes.
Most people say that you have to pay taxes for online income and I also found some claiming that you don't have to. This is what an accountant said "She said that since we are bringing dollars to the country we can be considered as OFW's where earnings are tax exempted when entering the country". I don't really know what this means.
Anyway I am living in the EU and I am getting the money mostly from the US.
What are the steps in order to pay the taxes?