Help, financial/Legal problem
MagoNicolas
Member, PRO Posts: 2,090
Hello there, how are you?
I have a question.
I don't know how to "legalize" if that word exist, the money that comes from Apple.
Because they deposit that money in My currency directly in my account and I can`t declare that money because I can`t send apple a receipt.
How do you guys do this legal stuff?
You have a Company?
You Don't have a company? What do you do, please help.
I have a question.
I don't know how to "legalize" if that word exist, the money that comes from Apple.
Because they deposit that money in My currency directly in my account and I can`t declare that money because I can`t send apple a receipt.
How do you guys do this legal stuff?
You have a Company?
You Don't have a company? What do you do, please help.
Comments
I have a company in Hungary.
I have to write invoices to Apple for the received money, because I have to present it to my Tax Office. The invoice has to have a serial number.
We simply write the invoice and throw it away. We then send the copy to the Tax Office.
(btw. you can send your invoices to Apple, but you don't need to, because they are not interested in it. If you still want to do it, you can find the address to send the invoices to on their developer FAQ somewhere)
If you have a company and you want to have invoices from another company which you can declare as expenses to lessen your income taxes, send me an email to hunnenkoenig@chello.at
Everybody outside the EU can do so as well :-P
you can NOT receive payments unless you request payments (i.e. invoice)
the records have to balance... you have to bill for the amount of money owed you...
otherwise your tax department wont know why Apple is sending you money!
very confusing... but most country tax laws insist on not just ledger/bookkeeping but also physical proof to substantiate transactions ...
as Hunnenkoenig said... you give the government what they want.
they do not ask the paying companies to show the invoices you send them...
you are legal if you are doing legal things in a legal way....
but, in some countries operating as a registered company benefits you for tax deductions/liability issues.
MH
Thanks for all advice, I think that printing reports is a good idea.
And also sometimes internet stuff are different, sometimes they don't pay taxes, will need to know how this works in Chile, but no one has an answer, I have asked Lawyers, countability people And Called an emails the organization that is in charge of money that people receives and need to be declared. No one nows….
Will still try to figure it out. As I Sayd, didn't knew that reports has some "Validity" but thats the only prove i have, and must be ok.
Thaks dudes.
I fill out a W9/1099 form through the company that's paying me.
(If it's over $600 in a year, the company is required to file.)
After January, but before April 15, I collect my paperwork and then I go file my taxes with an accountant. I report the money that I earned. I wasn't asked for invoices.
Every country has different laws.
In hungary the Tax Office is like SS Nazis. They need proof of everything, although they don't know jack. They think, the whole world is spinning around hungary and they would never accept something, like apple financial reports. To be honest, apple's financial reports are also not exact, because the money I receive to my Bank Account is always different, than that, what it is in the reports.
Anyway...
I have to have a bill for every spent money and I have to have an invoice for every received money. It is so.
That's why I have to write those invoices.
In your country it is possible, that you can present a piece of toilette paper and they accept it. I don't know.
I wouldn't make a big deal about it anyway. If you have to present an invoice, present it and you are good to go. If you don't have to, consider yourself and your country lucky and advanced :-P
@MagoNicolas:
If in Chile nobody knows, then there is probably nothing to know.
Don't crash your head on it.
I had to fight over 6 months with my tax office, because they didn't know, how to handle internet sales and they still don't know.
At the end I explained how the situation is and how I would handle it. I requested a written statement and they said, it's ok, how I want to handle it. So I handle it so. If they have some problems, I can show my written statement for proof, that they accepted my way in the beginning. Maybe you could do the same.
But as I said, I had to do this, because I am a company.
If you are a natural person, then you have to declare your personal income and you have to pay only income taxes for your person, like you would pay, if you were working in a factory.
Based on the laws in your country, you have to do it probably once a year.
@Photics:
It is not an expense.
The two things were separate things.
I just offered to everybody, that I can send them (not apple, but you and the other devs here) invoices from my company, which you or the other devs can declare as expenses, without sending me the money. So you can save taxes and money.
If anybody interested, send me an email.
I reported the income that I made from my Android Apps. I had a problem with sales tax, but that was a separate (and now resolved) issue.
Hunnenkoenig I think my case is like you say, I declare like a natural person, and need to send a receipt to Apple (Yesterday finally I meet a lawyer that knows a little more than previous one and say something like that, That I need to generate a generic ID for Apple, because they don't have a chilean id).
Mauybe I will need that expenses favor. because i have spent money on templates, website templates, GS membership, video from outside chile via internet, etc, that I don't ace receipt to prove them.
Thanks again.
In normal cases you need to generate follow up numbers for your Invoices, not for Apple as a company.
Of course, to you as a natural person other laws may apply.
In hungary you can't write invoices as a natural person. To be able to do so, you need to ask for a special tax number and then you can write invoices, which are taxed in a different way, but you also get some privileges.
In austria you can write invoices as a natural person until a certain amount per year.
We write invoices to Apple, where the name and the US address of Apple appears and we give the invoice a unique serial number. That's all.
As I said, it's better if you ask your tax office, how to handle it, rather consulting a lawyer.
For the other thing, just send me an email and we will talk about it.
You also can find me on MSN by hunnenkoenig@chello.at
I don't know about in Chile, but here we can claim anything even close to a work expense.
The problem is, that not everybody is capable, willing or allowed to give out invoices.
If he bought some website templates from another regular guy on the other end of the world, paying with paypal, he just may not be able to get an invoice, because the other guy can't or don't want to write and send an invoice.
I have run into some services on the net, which I bought and they claim to be professionals with a company, but they still don't care about invoices.
If there is a possibility to see your bills on their website, it lacks important information, which I need, like tax number or other things.
We in hungary have strickt rules, what kind of data we have to display on an invoice and most forign guys (mainly US) don't understand why I need that info, they don't have that info, or they simply crap on my needs.
That's why I am offering my help. And of course, because I have also some expenses, which I have to cover, but I can't do it in the simplest way due to different country laws in an international business.
Both sides can profit from it.
Viva la Globalization! :-P
I do understand the invoice issue but in my experience it does pay to ask.
You can view your payment info, but there is not even a print button.
You can print the website from the browser, which my tax office would never accept as an invoice.
To be honest, I really think about moving my company to Nevada, where they have no taxes at all.
I think it's form I-526 on the USCIS website...
Immigrant Petition by Alien Entrepreneur
http://www.uscis.gov/i-526
Although, even if the State doesn't charge personal income tax, there's still federal. It's two fun forms every year for New York tax payers... state and federal. Business owners get to enjoy extra complication... especially if they're required to collect sales tax.
Thanks :-)