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Do I need to pay taxes For receiving CB money in Germany?

Discussion in 'Making Money' started by wizard04, Jul 1, 2015.

  1. wizard04

    wizard04 Elite Member

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    I can't find the answer nowhere and if I am not in the right section I apologize and please move it where it should be.

    The problem I am facing is that in my country I can receive only checks but I can send the money via bank transfer in Germany.

    Do I need to pay any taxes as non EU permanent resident?
     
  2. Complicatedz

    Complicatedz Registered Member

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    You pay the taxes wherever you are registered as a resident for most of the year. So, if you have been/will be a German resident for more than 180 days of 2015, you may need to pay taxes on your CB money in Germany IF your total annual income from CB exceeds some certain amount. I'm not sure what that amount is in Germany, but you should be able to look up VAT minimums in Germany easily enough. If you make less than ?5000 from CB this year, then you're probably in the clear. There may be other applicable exceptions, so talk to some Germans. You definitely do NOT need to pay any taxes to the USA, unless you are a US national on an extended vacation in Germany.
     
  3. Complicatedz

    Complicatedz Registered Member

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    Oh sorry, I misunderstood your problem. So you just want to move the money through a German account so that you can receive your income by wire instead of check, right? In that case I don't think you're on the hook for taxes, but that might violate some German banking regulation. You definitely need to talk to some Germans to figure that part out.
     
  4. onlineonly

    onlineonly Power Member

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    Why not just use a service like payoneer instead of transfer money via a german bank? What country are you from?
     
  5. Kaliber45

    Kaliber45 Newbie

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    As far as I am concerned, you're all good. Unless your income isn't extremely high, German banks only care in theory.
    The only problem you might be facing is an anti money laundry law if you are planning to wire your income to any non-EU country on a regular basis - but as long as you can prove that your money source is legit and the bank account is in YOUR name (not some fake one) plus your real company documents from your country, you are good to go.
    You don't have to worry about the "Finanzamt" (German IRS) because you only get taxed in Germany if you live here for more than 180 days per year.

    Source: I'm German :)

    Edit: One more thing. If Clickbank has registered you as German (for whatever reason), they pay 19% VAT to the "Finanzamt" automatically. If that would be the case, you can get the amount back - not 100% sure where, could be "Finanzamt", could be "Zoll" (customs).
     
    Last edited: Jul 2, 2015