Broker on commission basis
October 1, 2010 | 20,00 EUR | answered by COUNSELOR Ralph J. Schnaars
Hello,
I am currently employed full-time in a company (full-time and permanent).
Now I want to become self-employed as a mediator for a mobile phone company. This means that I will create auctions on eBay and then refer customers to the operator's website.
I will receive a commission for successfully mediated contracts (not more than 17,500 euros per year).
I know that I have to register a business, but what else do I have to give from my commission? VAT is not necessary as I fall under the small business regulation.
Do I need an income-statement invoice? Income: Commission Expenses: eBay fees, etc.
Thank you for your help.
Best regards
Hello,
the brokerage activity is a commercial enterprise (side or small business) - that's why you are right with the business registration.
As a small business owner (with annual earnings up to EUR 17,500) no sales tax is due and you are not allowed to invoice it or have sales tax credited to you by the phone company (if settled with commission credits).
In addition, the input tax deduction on the associated operating expenses is omitted. (Whether this makes sense, you have to roughly calculate - e.g. when purchasing a PC).
A simple income surplus calculation is sufficient as profit determination,
in which all income (commissions, subsidies, sales tax refunds, etc.) must be stated
and all expenses related to this activity can be deducted "may".
- e.g. in addition to the usual eBay fees, costs such as "home office", telephone costs (proportionately due to internet access), office supplies, entertaining customers and suppliers (e.g. tax advisor), gifts to customers or suppliers, external brokerage fees, possible car expenses or travel expenses (train tickets, etc.), postage, computer and other office equipment (e.g. desk) (possibly by depreciation) and possibly sales tax payments
The balance of income and expenses then results in the taxable profit, which together with the income from non-self-employed activities (tax card) must be declared in the income tax return and taxed.
There will be no trade tax here, as only a profit exceeding EUR 24,500 leads to tax liabilities.
If you have any further questions, please feel free to contact me.
Kind regards
from Norderstedt by
Ralph J. Schnaars
http://www.counselor.de
