The tax authorities are increasingly auditing online content creators. This raises questions about how to handle taxes on internet donations. Are these still considered gifts, or are they subject to personal income tax (PIT)? Recently, Rzeczpospolita published an article featuring commentary from Piotr Sekulski, PhD on this topic.
In the article available through this link you’ll find detailed insights on how to properly report taxes on internet donations.
tax advisor Piotr Sekulski, PhD
“– Many viewers of popular channels donate money simply because they enjoy the content. They receive nothing in return. These are classic donations. According to the Inheritance and Donations Tax Act, recipients don’t owe taxes if donations do not exceed the set threshold. For unrelated individuals, the limit is PLN 5,733 (with donations from the same person being aggregated over a five-year period)(…)
– (…) However, recent interpretations have caused concern (…) The tax authorities argued that if donors cannot be identified, it’s impossible to establish the parties to the agreement or its exact nature. Thus, the payments cannot be classified as donations. This is a controversial stance that complicates matters for online creators(…).”
If you’re unsure how to handle taxes on internet donations or whether it’s time to reconsider your tax filings, visit us at www.outsourced.pl .
