MicrostockGroup
Microstock Photography Forum - General => General Stock Discussion => Topic started by: kall3bu on January 13, 2021, 07:46
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Hello fellow,
I am in the lucky situation that I can decide to create PayPal account in Germany (19% Tax?) or Indonesia (15% tax).
I submit my images to several agencies. Would you advice me to create one account for all agencies or depends on the agency, sometimes a German account would be better and sometimes an Indonesian account?
AND: When it is better to create a business account and when a private?
I am still new to stockphotography and it will still take a long time for any first payout. So i might start a private account first and later .... well since what amount I should change to a business account? (I think it will be just a dream and will never get so far to a need of a business account)
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Go for the one that matches the country you spend the majority of the year in, and go for a business account if you have a registered business or plan to have one in the not too distant future.
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okay, might be the best advice.
In kind of business account: PayPal rules for that like lower fees also works for Indonesia or only for selected countries?
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While there's a very small chance you'll find somebody on here who has had a German and an Indonesian Paypal account, it might just be easier to go to the German and Indonesian websites for Paypal and compare the two.
And while I can't blame you for looking for the lowest fees, your initial question insinuates you may be under the impression that you'll pay less income tax with an Indonesian account... but it's important to keep in mind that you don't really get to choose which country you pay tax in (Offshore companies being an exception). In most cases, you usually have an obligation to pay tax in whatever country you spend the majority of the tax year in.
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okay, thanks for your opinion. Seems the best I should do.