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Discussion in 'Business & Tax Advice' started by ramyh96, Nov 18, 2016.

  1. ramyh96

    ramyh96 Jr. VIP Jr. VIP

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    Hey, I'm 20 years old guy from Israel, I make about 1-2k$ monthly through online sales, I withdraw the money from my paypal account to my bank, I'm making money from 2016 January, is it time to pay taxes? how should I do that? any suggestions?
     
  2. CityTech

    CityTech Junior Member

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    Read up on the laws in Israel. Often you don't have to pay taxes if you're earning under a certain threshold; you may be near that threshold.

    I really enjoy researching taxes and finding loopholes, but if you're not into that, I recommend spending a few hundred finding a CPA who can give you some general advice.
     
  3. articlewritingwork

    articlewritingwork Jr. VIP Jr. VIP

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    Rules are different from country to country... so you have to better read rules of tax in your country
     
  4. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    yeah find a local tax advisor that can help you! It may costs you a few hundred but it's worth the money!
     
  5. JohnLuther

    JohnLuther Registered Member

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    1-2k earnings at your age is impressive buddy. Kudos to you. Paying tax or not paying tax depends. If you pay some tax, you are telling banks and the government that you are a worthy individual. This will fetch you a grand loan when you need it. If you plan to remain the gray pastures forever, maybe avoiding tax as much as you can is the right thing to do.
     
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