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Old 11-29-2008, 05:55 AM
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Default Re: Online business

Quote:
Originally Posted by vabeaty
In the US, I believe that if you earn more than $600 in a year's time, then you must file taxes. Of course, if you own a business, then you can claim many exemptions, such as cost of internet service, electricity, phones, office supplies, etc., and these will bring down the amount of taxes that you must pay.
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Old 11-30-2008, 06:26 PM
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Thanks for reply.
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Old 06-19-2009, 03:31 AM
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Taxes have been introduced. The world over taxes will be slowly introduced as it gives Internet based businesses an unfair advantage over the rest.
The other problem is payment of taxes for international transactions.
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