News for hackers. Stuff that matters.

A comment on Looking for Work After 25 Years of Octave. Parent comment

Re:Looking for Work After 25 Years of Octave by usernam on Thursday February 09, 2017 @09:05AM (#13606942)
I don't think you understand the implication: there's no way to have a small, side passive income in the 0-10k range. This is a big stopper for many OSS developers that could bootstrap themselves.

With this limitation, many developers simply do not (and rightly so) put the effort in accepting anything in that ballpark because it's just extra work.

[ Parent | on HN ]
Re:Looking for Work After 25 Years of Octave by raverbashing on Thursday February 09, 2017 @09:15AM (#13607029)
I agree. You could get payment without a vat number though
[ Parent | on HN ]
Re:Looking for Work After 25 Years of Octave by usernam on Thursday February 09, 2017 @05:40PM (#13611708)
In this case, there are also rules for the amount of income you're allowed to get without a VAT.

I'm pretty sure in most EU countries the profitability of a service supported by patreon (that is, a passive income in sub 10k range) would be almost nullified if correctly accounted for taxation.

I had long discussions with friends about legally accepting money for side projects. It's a very hard topic to discuss.

I'd be curious to know if anybody in an EU country is able to legally accept and declare a side income and retain anything more than 30%.

[ Parent | on HN ]