Taxes

Quality Names · 02-28-2007, 12:23 PM

Do you have to pay the government any taxes when you sell a domain? If so, what's the percentage?
Thank you!

Gene · 02-28-2007, 12:26 PM

Assuming you're a US citizen, you have to pay taxes on all your income, whether it's a domain sale, or any other item you sell. The percentage you pay depends on what tax bracket you're in for your entire income for the year.

Quality Names · 02-28-2007, 12:47 PM

Hey Gene,

I am not a US citizen, I am brazilian, and I can't seem to find the taxes related to something like that.

Gene · 02-28-2007, 12:53 PM

Originally Posted by Quality Names

I am not a US citizen, I am brazilian, and I can't seem to find the taxes related to something like that.

You should contact your goverment for information then. Have you done a search online?

Quality Names · 02-28-2007, 12:57 PM

Aham, but I couldn't find any real information....:/

Gene · 02-28-2007, 01:11 PM

Don't know if this will help (I didn't have time to look over the site):
http://www.fita.org/countries/fiscalite_7.html

Quality Names · 02-28-2007, 02:12 PM

Thanks a lot for the help Gene...I'll read it carefully!

02-28-2007, 12:23 PM	THREAD STARTER #1 (permalink)
Quality Names NamePros Member Join Date: Feb 2007 Posts: 139	Taxes Do you have to pay the government any taxes when you sell a domain? If so, what's the percentage? Thank you!

02-28-2007, 12:26 PM	#2 (permalink)
Gene DomainersUniversity.com Join Date: Feb 2005 Location: Oswego, NY Posts: 4,735 Follow @GenePimentel	Assuming you're a US citizen, you have to pay taxes on all your income, whether it's a domain sale, or any other item you sell. The percentage you pay depends on what tax bracket you're in for your entire income for the year. __________________ . . Expired Domain Search -- ExpiredDomainBoss.com \| Sell Domain Names -- DomainProfitsClub.com -----------------------------------------------------------------------------------------------

02-28-2007, 01:11 PM	#6 (permalink)
Gene DomainersUniversity.com Join Date: Feb 2005 Location: Oswego, NY Posts: 4,735 Follow @GenePimentel	Don't know if this will help (I didn't have time to look over the site): http://www.fita.org/countries/fiscalite_7.html __________________ . . Expired Domain Search -- ExpiredDomainBoss.com \| Sell Domain Names -- DomainProfitsClub.com -----------------------------------------------------------------------------------------------

02-28-2007, 12:47 PM	THREAD STARTER #3 (permalink)
Quality Names NamePros Member Join Date: Feb 2007 Posts: 139	Hey Gene, I am not a US citizen, I am brazilian, and I can't seem to find the taxes related to something like that.

02-28-2007, 12:57 PM	THREAD STARTER #5 (permalink)
Quality Names NamePros Member Join Date: Feb 2007 Posts: 139	Aham, but I couldn't find any real information....:/

02-28-2007, 02:12 PM	THREAD STARTER #7 (permalink)
Quality Names NamePros Member Join Date: Feb 2007 Posts: 139	Thanks a lot for the help Gene...I'll read it carefully!

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