Steer?

Question

First of all, hello. I have a question regarding the taxation of profitable activities as a private individual. I'm 17 years old and buy used cell phones to refurbish/rework them and sell them for a profit. However, I'm wondering: "To what extent do I have to pay taxes on this as a private individual?" Since I don't want any problems, I've taken a break to get the right information. Of course, I have my legal guardian's permission. Additional information: I'm from North Rhine-Westphalia.

Best regards and thank you very much.

chanfan · Answer

You're registering a business because it's a business thing. But since you're not 18 years old, you'll have to wait.

You are best advised by the IHK in your area. There you will get all the information you need.

derhans · Answer

It's called TRADE. And, of course, is taxable. You have to register a business for it. And you must be 18

andreas490 · Answer

From a monthly income of 450 euros, you have to tax the money.

juliettelima · Answer

As long as you don't do this in a big style, you don't have to worry about it. Otherwise you have to register a trade. You would have to be 18 or the business would have to run over your parents.

nebulaghost · Answer

In most countries, including NRW, the sale of refurbished mobile phones could be regarded as commercial activity, as you regularly buy, prepare and profitably sell mobile phones. This could mean you have to pay income tax and, if necessary, turnover tax.

However, your youthful age could play a role here. As a 17-year-old, you could be under certain legal restrictions when it comes to business activities.

satian · Answer

For example: https://www.offenbach.ihk.de/recht-und-steuer/gewerberecht-von-az/gewerbeausuebung- durch-minderjaehrige/#:~:text=Im%20BGB%20 gives%20e%20two,and%20e%20e%20e%20e%20e%20family dish.

Whether tax is incurred or not depends on the profit achieved.

binschonda100 · Answer

YES the reason is in the tax system. It's not a hobby, there's an intention to win. That's the basic condition, age has nothing to do with and not with your parents' consent. You'd be on it, too. Then you just have to look into what kind of vaccination it belongs and voila.. everything that exceeds certain limits must be taxed. There's no mouse biting thread.

Regardless of this, however, other criteria – for example, industrial registration – must also be met if not, it can hail punishment. But the tax office doesn't care, it just wants its taxes.

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in the German authorities;

Unrestricted taxable persons resident in the country or resident in the country.
Duty begins with birth and ends with death.
Taxation in Germany is subject in principle to all domestic and foreign income of the taxable person.

mungukun · Answer

I am 17 years old and buy used phones to renovate/edit jnd profitable for sale.

This is no longer a private activity, but a commercial activity, since all the facts of § 15 para. 2 p. 1 EStG are fulfilled (profit-making intention, sustainability, participation in general economic transport).

Of course I have the permission of the guardians

That alone is not enough. You also need the approval of the family court, § 112 BGB.

To what extent I have to tax this as a private person.

You must register a trade with the municipality within one month of the first activity (§ 14 GewO) and submit the questionnaire for tax collection electronically to the tax office (§ 138 AO). A late or missing trade registration can otherwise bring you a fine of up to €1,000 (§ 146 GewO).

Then, at the end of the year, you will start the corresponding winning and tax returns and forward them electronically to your tax office.

Later, you will receive the tax ruling in which the tax debts are fixed, which you will have to pay (for which you should deposit the taxes and not have spent).

I come from North Rhine-Westphalia.

Irrelevant. The laws are the same throughout Germany.

Since I don't want any problems, I've taken a break

In spite of the unlawful exercise, you have to tax all previous profits (§ 40, 41 AO) by surrendering the corresponding tax returns. Otherwise, you also make yourself criminal for tax evasion (§ 370 AO). From 14 years, you're a criminal.