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Tax legislation update
2 years ago
Dear people.
I've been taking art commission since 2010 as a side job while I was working and I was studying. Lots of you know how much time and effort I put in my work, since drawing is one of my favourite activities and a great passion.
Unfortunately, due to a new legislation in Italy (the Country I live in) and in the whole EU, it will be much harder for me to take commission, even if they're occasional.
I won't spend more words about the legislation itself, but if you want infos about it, you can read more here https://x.com/CaveHades/status/1753.....230383307?s=20
I left my old job recently, because I will graduate next month and I'm planning to find a new job as employee from march. For my country, having a job as an employee means that you can't have any kind of extra compensation outside that job. I should be forced to open a VAT account and I couldn't afford it, due to the occasional nature of my commissions and the high taxation in my country (22%, the highest in Europe). The financial advisors say that I should quit my drawing activity, because opening a VAT account would take my earnings to negative.
Given this situation, I absolutely don't know how to deal with this chaos. I'm looking for a legal solution to face this new set-up. Since that, I will be forced to reduce the amount of commissions and find other ways to get payments.
I will contact all the people that recently asked me for a commission to discuss about this in the next days.
I'm really sorry for the inconvenience, I hope this won't be the end of my drawing activity.
I've been taking art commission since 2010 as a side job while I was working and I was studying. Lots of you know how much time and effort I put in my work, since drawing is one of my favourite activities and a great passion.
Unfortunately, due to a new legislation in Italy (the Country I live in) and in the whole EU, it will be much harder for me to take commission, even if they're occasional.
I won't spend more words about the legislation itself, but if you want infos about it, you can read more here https://x.com/CaveHades/status/1753.....230383307?s=20
I left my old job recently, because I will graduate next month and I'm planning to find a new job as employee from march. For my country, having a job as an employee means that you can't have any kind of extra compensation outside that job. I should be forced to open a VAT account and I couldn't afford it, due to the occasional nature of my commissions and the high taxation in my country (22%, the highest in Europe). The financial advisors say that I should quit my drawing activity, because opening a VAT account would take my earnings to negative.
Given this situation, I absolutely don't know how to deal with this chaos. I'm looking for a legal solution to face this new set-up. Since that, I will be forced to reduce the amount of commissions and find other ways to get payments.
I will contact all the people that recently asked me for a commission to discuss about this in the next days.
I'm really sorry for the inconvenience, I hope this won't be the end of my drawing activity.
In the past we discussed about a commission, so if you want to talk with me in notes so we sort everything out (so there is no anxiety for you), don't hesitate. In any case, don't worry about it.
On a positive note, congratulations on graduating soon, and I hope you find a job you'll enjoy that brings you as much money as possible!