Tuesday, August 17, 2010

Can making money with blogs be taxable?

do you have to pay taxes on making money from blogs?

Can making money with blogs be taxable?
Any income is taxable pretty much. if you made money on something, you pay tax on it.
Reply:No because you have the right to go to prison instead.
Reply:Yep, unfortunately in most countries most income is taxable.





So, if you are earning a significant income from blogging it would be wise to declare it to the tax authorities.





If you have other income sources it would normally be considered an additional income %26amp; would therefore be added to your normal income to make the whole lot taxable in your hands.





Btw if you're interested here's more info on ways to monetize your blog for profit %26gt;%26gt;


http://www.internetbusiness.co.za/online...
Reply:Yes, it's considered self employment income.


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