Agent Karyo@lemmy.world to Games@lemmy.worldEnglish · 2 months agoEU tax officials confront the most pressing legal question of our time: If you sell RuneScape gold to someone and they use it to buy a magic sword, do you still have to pay taxes?www.pcgamer.comexternal-linkmessage-square32fedilinkarrow-up1223arrow-down17
arrow-up1216arrow-down1external-linkEU tax officials confront the most pressing legal question of our time: If you sell RuneScape gold to someone and they use it to buy a magic sword, do you still have to pay taxes?www.pcgamer.comAgent Karyo@lemmy.world to Games@lemmy.worldEnglish · 2 months agomessage-square32fedilink
minus-squareordnance_qf_17_pounder@reddthat.comlinkfedilinkEnglisharrow-up12·2 months agoCan I get taxed if I buy a gf for 25k?
minus-squareSkunkWorkz@lemmy.worldlinkfedilinkEnglisharrow-up6·edit-22 months agoYeah you pay VAT because you are buying a service. But your “gf” has to collect it and pay it to the tax agency.
minus-squareMeldrik@lemmy.wtflinkfedilinkEnglisharrow-up2·2 months agoYou don’t pay VAT on a personal transaction though. But the girlfriend would probably have to pay income tax.
minus-squaredaniskarma@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·2 months agoWe should know if the gf is selling herself as a second hand sale or if it’s a recurring economic activity. If so, she should register in VAT and collect it. (Legality of that economic activity may differ by country)
minus-squareViatorOmnium@piefed.sociallinkfedilinkEnglisharrow-up1·2 months agoDepending on the country, and depending on the gift, yes. Though it’s mostly not enforced.
Can I get taxed if I buy a gf for 25k?
Yeah you pay VAT because you are buying a service. But your “gf” has to collect it and pay it to the tax agency.
You don’t pay VAT on a personal transaction though. But the girlfriend would probably have to pay income tax.
We should know if the gf is selling herself as a second hand sale or if it’s a recurring economic activity. If so, she should register in VAT and collect it.
(Legality of that economic activity may differ by country)
Depending on the country, and depending on the gift, yes. Though it’s mostly not enforced.