\u2018A hobby is allowed to cost money,\u2019 as the saying goes. This also applies when the hobby develops into a business, because then tax is due.<\/p>\n\n\n\n
The reason for this article is the concern that has arisen as a result of the obligation imposed on platforms to inform the tax authorities about the people trading via their platform (reporting). Well-known examples of such platforms include Marktplaats and Vinted. However, the obligation also applies to platforms for letting (holiday) properties and countless other (types of) platforms. This obligation is also known as DAC7.<\/p>\n\n\n\n
The Tax and Customs Administration will, of course, use this information to assess whether there is any income on which income tax and\/or VAT is payable.<\/p>\n\n\n\n
The obligation for platforms to provide information applies throughout the European Union. Member States will share the data they receive with one another. In January 2024, platforms must provide the information for the first time, covering the year 2023.<\/p>\n\n\n\n
Platforms must re-register users who carry out more than 30 relevant activities in a calendar year and generate a turnover of more than \u20ac2,000. Platforms are obliged to inform their users if they have sent information to the tax authorities.<\/p>\n\n\n\n
VAT must be paid by traders. For VAT purposes, you are quickly deemed to be a trader, as it is sufficient for you to carry out economic activities on a regular basis. This is the case when you supply goods or services and receive payment for them.<\/p>\n\n\n\n
VAT-registered businesses with a turnover of no more than \u20ac1,800 (the registration threshold) in a calendar year do not need to register with the tax authorities.<\/p>\n\n\n\n
VAT-registered businesses with a higher annual turnover must register with the Tax and Customs Administration, but as long as the turnover in a calendar year does not exceed \u20ac20,000, the Small Business Scheme (KOR) may be applied. In that case, the turnover is exempt from VAT. Please note: you must apply to the Tax and Customs Administration in advance to be eligible for the KOR.<\/p>\n\n\n\n
Both the registration threshold and the KOR threshold apply per business, not per activity (per platform).<\/p>\n\n\n\n
For the purposes of income tax, there is no need for the activity to constitute a business (profit from business; wuo). Even where the activity is merely a form of employment, the income is subject to income tax (income from other activities; row).<\/p>\n\n\n\n
There is no registration threshold for income tax. We have read in articles that income up to \u20ac2,000 would remain exempt from tax. As described above, this threshold applies in the context of the reporting obligation imposed on platforms, but not to tax liability under income tax. And, just as with VAT, for the purposes of income tax, one must of course take into account the activities carried out on all platforms on which a person is active.<\/p>","protected":false},"excerpt":{"rendered":"
Een hobby mag geld kosten, zo luidt de uitdrukking. Dit geldt ook wanneer de hobby uitgroeit tot handel, want dan is belasting verschuldigd. Platforms informeren Aanleiding voor dit artikel is de onrust die is ontstaan als gevolg van de aan platforms opgelegde verplichting om de fiscus te informeren over de mensen die via hun platform […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1455","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=1455"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1455\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=1455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=1455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=1455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}