My child develops applications and is a minor, should he/she register?
Posted: Mon Dec 23, 2024 9:24 am
In recent years, sales and services provided over the Internet have grown rapidly. Many people earn a second source of income from this type of activity, which they often do not declare. We have discussed in previous articles the obligations of mobile app developers, but what happens when the person doing this type of activity is a minor? Should they register as self-employed ?
First of all, it should be remembered phone number database philippines that any self-employed activity carried out in exchange for compensation is subject to taxation, so you must register with the Treasury . For tax purposes, anyone can register to carry out their own economic activity, regardless of their age. This entails the same obligations that anyone would have with regard to filing taxes .
If the taxpayer is a minor, the registration for IAE and obligations must include the authorization of the parents or guardians . It must be taken into account that the activity will always be carried out in the name of the minor, but with the permission of the persons who hold his or her guardianship.
In addition to quarterly settlements, registration requires filing an annual income tax return if the gross income obtained is greater than 1,000 euros per year. If the minor files an income tax return with income exceeding 1,800 euros, his parents will not be able to deduct the minimum for descendants for him. If this limit is not reached, he can be included, even if he has filed individual tax returns.
First of all, it should be remembered phone number database philippines that any self-employed activity carried out in exchange for compensation is subject to taxation, so you must register with the Treasury . For tax purposes, anyone can register to carry out their own economic activity, regardless of their age. This entails the same obligations that anyone would have with regard to filing taxes .
If the taxpayer is a minor, the registration for IAE and obligations must include the authorization of the parents or guardians . It must be taken into account that the activity will always be carried out in the name of the minor, but with the permission of the persons who hold his or her guardianship.
In addition to quarterly settlements, registration requires filing an annual income tax return if the gross income obtained is greater than 1,000 euros per year. If the minor files an income tax return with income exceeding 1,800 euros, his parents will not be able to deduct the minimum for descendants for him. If this limit is not reached, he can be included, even if he has filed individual tax returns.