It’s not about the tax office requesting information from Bambu. The fact that you receive the money in a bank account is sufficient for it to be treated as income. Whether you’re a company or an individual, you are required to declare all your income, including this.
Correct, but companies are more likely to be „X-rayed”. Well, that’s what theory says but I wonder how about the practice? Do Bambu send their statements out? To fall into tax issues for 100$ once in a while may not be worth the hassle… I think for that reason Vouchers are safer option but I’m tempted to withdraw some cash too
I’m late to this chat, did they ever add a redeem cash to PayPal option?
Sorry to break your illusion, but strictly speaking, the gift cards are also taxable income, almost everywhere I checked.
I had to register a small business in order to properly tax everything I get from MakerWorld. Yes, you could make the argument that most likely no one will find out about gift cards, but it’s still tax evasion. And authorities will 100% find out about cash withdrawals.
Short analysis by ChatGPT including sources: ChatGPT - Taxability of MakerWorld Points
I don’t think @PeGaZ was under any illusion.
I read the response differently.
The “more likely” phrase here starts a conversation about likelihood of detected not the legal or moral consequences of evasion or even what constitutes it.
The implication here is the tax office is less likely to actively go after little fish.
Agreed, it doesn’t show up anywhere on a statement.
None of this invalidates your premise, I just don’t think there was any suggestion that one is allowed vs another which isn’t.
My point was that any reward you take from MakerWorld, no matter if it’s a gift card or cash, has to be included in your income statement. People here act like it’s only true for cash withdrawals.
As I said, your points were correct, zero argument.
My point was; I don’t believe @PeGaZ was suggesting otherwise.
There was no suggestion taking money or gift cards was legal, only taking gift cards was less likely to be on the tax office’s radar.
As such, the implication is, it is taxed.
I think this statement strongly implies that he believes the tax is another downside on top of the slightly worse exchange rate. Also, the B2B account plays no role as well, it’s true for everyone.
Note the “cash instead of vouchers”.