Admob and taxes

yiankos1

Well-Known Member
Licensed User
Longtime User
Hello my friends,
I have my apps about 6 years and I am individual. All these years I have a monthly income from admob. I have a question, do you need to establish a company in order these money be "legal" or you just add them at annual income as individual in order to pay annual taxes. As I read at Google admob help, if you leave in EU except Ireland, Google pays that VAT.
Does anyone knows what am I supposed to do?
Thank you for your time
 
D

Deleted member 103

Guest
VAT and income tax are two different things.
VAT automatically pays Google for you, you have to pay income tax yourself as a private person.
 

yiankos1

Well-Known Member
Licensed User
Longtime User
Filippo said:
VAT and income tax are two different things.
VAT automatically pays Google for you, you have to pay income tax yourself as a private person.
Click to expand...
So, I have to mention at my individual annual taxes as an income? I don't have to establish a company in order these money be "legal"?
 

andymc

Well-Known Member
Licensed User
Longtime User
I just add my admob income as extra income and pay personal taxes on it. The UK has an online tax system for you to enter your figures and then pay your extra tax amount from your additional income. I even claim bacck any computer purchases from my income. (I've even bought an Oculus rift and claimed it off my tax as I'm interested in VR game dev).
 

Douglas Farias

Expert
Licensed User
Longtime User
Here on Brazil
If you get more than 50k as an individual, you automatically have to pay the fees and penalties.
individual = 27,5% (month)
company = 6% (month)
 
S

sorex

Expert
Licensed User
Longtime User
my accountant said a few years ago that if your income from apps stay below or around €100/month then it's not worth declaring it as additional income
as I would lose already 30 or 33% of it.

with < €2000/year you probably stay out of the radar for fines.

you don't need a company/tax number since you can declare it as additional income as individual.
 
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