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Tax advice for Greece - Making Money Online

Discussion in 'Business & Tax Advice' started by Scorpion Ghost, Jul 7, 2017.

  1. Scorpion Ghost

    Scorpion Ghost Senior Member

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    So I have a friend from Greece who wants to make money online. He's a bright guy, he can be successful.

    But he's super paranoid about the whole tax situation. According to him, you have to pay the government like 150 Euros per month, and pay for your health insurance, and be taxed on your income, or some crazy insanity like that.

    In my opinion, that's only if you Register a business. If you bank online, get paid on Paypal, and don't make some crazy amounts of money (which he probably won't starting out at least), then nobody's gonna bother you.

    But I am not in Greece, and I'd like someone who knows about how things work in Greece to give some clarification please???

    p.s I live in the Balkans. I bank 3-6 times the average monthly salary in the country (which is like $350 per month), and it's free and clear. I don't pay taxes, nobody bothers me about it, and there's nothing that legally obliges me to pay taxes (unless I register an actual business). You know, dick in the air, shotgun in my hand, no problem. But in Greece, what, they got you guys shook on a leash huh? What's the deal?

    p.s milao kai Ellinika, opotan an kapoios 8elei na grapsei Ellinika mporei. An kai kallitera sta Agglika logo ton forum rules.
     
  2. Scorpion Ghost

    Scorpion Ghost Senior Member

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    So nobody from Greece banking paper here? o_O

     
  3. madacho

    madacho Newbie

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    You pay taxes, you just didnt know about it. Everyone in every country pay taxes.

    Greece probably has a higher tax fee due to it's recently financial crisis.
     
  4. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Well yeah sure I pay taxes on goods, food, electricity, all that crap. Sure. But I don't pay taxes on any of my income. None at all. (well unless you consider the Paypal receiving fees as taxes, meh)

    I work from home, so I am not employed locally or have any registered businesses. I'm also not forced to have any health insurance, My income is mine. All of it.

    Yeah due to the financial crisis certainly the economy became pretty bad and they're probably practically 'stealing' from the people in any way they can to pay off the debt or whatever.

    But I'm looking for first hand advice from anyone that lives in Greece, and makes money online. A person like that would have first hand experience and legit information.
     
  5. MonteCarlos

    MonteCarlos Regular Member

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    I live in Greece, lol...There must be a joker someone to want to pay his taxes...after all, it's HIS hard earned money, so fuck the Government!
    If he gets paid by Paypal then he can withdraw through Leupay or a similar service. Where is the prob?
     
  6. MisterF

    MisterF Jr. VIP Jr. VIP

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    I didn't think anyone paid taxes in Greece, even still today.
     
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  7. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Yeah, but fuck the government isn't exactly an answer when the government notices you doing something that they deem illegal.

    The problem is that according to what I've been told, you have to pay some tax on no matter how much money you make. It was made to sound to me that, if you sell a gig on fucking Fiverr for $5 bucks, and withdraw it to Paypal and then bank/card, you're immediately in hot water and tax must be paid.
     
  8. MisterF

    MisterF Jr. VIP Jr. VIP

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    It's harder trying to hide money coming in hen there's any sort of footprint mate.
     
  9. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Yeah, but no one's trying to hide money. I guess I'm wondering if there's any income you can have without having to pay taxes for it, and then if you make above that amount in month or a year, then you have to pay. Or simply a different loophole that's not necessarily illegal. I don't know, BitCoins for christs sake.
     
  10. BuzzC

    BuzzC Newbie

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    regardless pf whether one has a registered company or not it is the sole responsibility of an individual to declare their income for tax purposes. Noone forces you to do so but if you are ment to be taxed, do not declare it and fet cought you will be in trouble and they normally take it serious. However in your friends case it strongly depends on the tax system of the country that he resides in. Ie in Cyprus (my location) they have a step tax system for personal tax meaning that you only pay income tax if your annual income exceeds €19,500 (percentage goes higher the higher your income). If below this amount you are good and not required to declare. Presume greece would be similar. In Cyprus you are also not required to register a company for conducting business but you are required to register with VAT if again your turnovers surpass a certain amount.

    he should google tax rules by KPMG/PWC etc. they have clear country guides on releated tax rules
     
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  11. MisterF

    MisterF Jr. VIP Jr. VIP

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  12. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Exactly, thank you. That's where I'm coming from.

    I lived in Cyprus for about 14 years. About 6 in Pafos and about 8 in Nicosia. So that's what I was thinking too that Greece might be similar to what you said.

    When I started working online I was still in Cyprus, and since I wasn't making anywhere close to the income you have to be making to have to pay taxes, I never had to worry about it. It was a beautiful thing :D

    Then I moved here where I am now, and I pay none. And apparently there's no law regulating me just making money online. I've asked and that's what I was told. I assume at some point they'll change that, expand the law to that, and I'll have to start paying the income tax or whatever.
     
  13. Scorpion Ghost

    Scorpion Ghost Senior Member

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    If I understood that correctly, that sucks.

    I mean what gives them the right? That's cutting too deep man. You gotta give the little guy some wiggle room. What the fuck.

    Isn't money supposed to come into the country. Isn't this stunting growth or something? Fuck the little tax they'll make, they're scaring off a ton of their people who might want to make money online. But if those people could do it and have some minimum allowed amount they can earn before paying taxes, then a lot of new money would come into the country. Isn't new money coming in good for the country as a whole? Isn't this just bad politics? Or is it one of those politics where it's not good if new money comes into the country because of some economical mental masturbation reason or something?
     
    Last edited: Jul 7, 2017
  14. Alaindeloin

    Alaindeloin Regular Member

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    That is exactly the kind of mentality why Greece went bankrupt. Today you say fuck the gov. Later you will sell your ass to eat because not social help from the gov.
     
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  15. MisterF

    MisterF Jr. VIP Jr. VIP

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    The past tax evasion was a big factor in the financial plight there, so people are now having to carry the cost of living the good life over the previous decades.

    I went on holiday to a small island in 1991, the guy at one of the bars sat each morning writing out his receipts by hand for the tax inspector. The night before his bar had 30+ people in, yet his accounts showed he'd taken the equivalent in Drachma to $50 for the whole day and night.
    Last time I went back was year 2002 and the accounting was still the same.
     
  16. Sophie

    Sophie Jr. VIP Jr. VIP

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    Just want to let you know this: your income tax filings can be used to your advantage when applying for bank loans or acquiring any assets in future. In future, if you plan on getting a loan to buy a home, business, or car (bad choice), you will have issues because you do not pay tax.

    If you do not pay your taxes = no proof of income = no credibility = problem buying assets or owning properties under your name.

    In the government's and instuitions' eyes you will be seen as unemployed if you do not file any taxes. Even credit card companies require you to submit at least 2 years of taxes for verification when applying for one. And if you do try to buy a car (or whatever) in cash, they will feel suspicious. Some may even report you to the authorities for suspected money laundering. Your enemies or ex, if they're vicious enough, can use this to report you for tax evasion and you will end up paying back even more to your government and even face the possibility of getting thrown in prison. For example, in my country, anyone caught evading tax will have to pay back 4 times the amount owed, publicly shamed in the news for it, and imprisonment (if you can't get a good lawyer to defend you).

    So you can be cash rich from all your IM moolahs, but you might have some freedom issues purchasing things under your name.

    I'm not telling you to file your taxes nor telling you not to do it, but just want to let you know this. Also, I'm not sure about other countries... you may want to do your own research.
     
    Last edited: Jul 7, 2017
  17. Sophie

    Sophie Jr. VIP Jr. VIP

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    And I also wish to add...
    you may want to check with a tax accountant.

    In my country, as long as you're receiving income from overseas, it is taxable thus I had to register myself as a sole proprietor. The only thing I'm not obligated to pay taxes are my dividends from investments made overseas. Not sure about yours, you may want to consult a tax accountant if you do decide to pay your taxes.

    I consulted an accountant whom specialises in taxes and he told me that there are ways you can do to avoid paying taxes. One of it is owning a shell company overseas and keeping all income earned there. The problem with this is you can't transfer the money over to your country and use it locally as that would be subjected to taxes. The other way is to store your funds in Paypal and only use Paypal to make transactions. He told me the latter is the most 'grey'.

    Also, there are tax brackets. Certain amount of income are exempted from taxes, and some are classified into different brackets which subjects to higher tax rates. You may want to check it out too.
     
    Last edited: Jul 7, 2017
  18. aadelmalik

    aadelmalik Junior Member

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    Very simple, do like everyone else does. Open a company in Petrich/Bulgaria or Gevgelia/Macedonia and pay only 10% tax, then just transfer over the border. Company in Macedonia is a best option as Macedonian customs don't check vehicles with Greek license plates.
     
  19. haki_master

    haki_master Regular Member

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    Ok i live in Greece. My income is all online and im doing this about 9 years now since i started with my first sale online. Nowadays i earn a 5 figures amount per year. Some of those funds i would say about 20% goes straight to greek bank account from paypal. I dont declare anything. They never bothered me either, i was never asked where that money comes from and i dont pay taxes. In my experience if you dont show big amount in greek banks they wont bother you and you dont have to declare it to pay taxes. There are more ways for anonymous withdrawals wich im using now to diversify and spread my earnings and withdrawals so basically greek banks dont show anything. if you want more info or just to discuss shoot me a pm and we can chat on skype, Kalh mera