Should i pay tax for online generated income?
Hope you guys are doing well.
I'm an internet marketer, i've earned more than $100k online in less than one year. I've recently been contacted by my bank regarding the WIRE transfers i've been receiving and they asked me questions like "Where the money comes from/ Who pays me/ etc".
After answering those questions, I asked them whether these information(Me receiving money online) will go out to MRA or not and they told me that it will only go out if the MRA contacts the bank with a legal notice.
Below are some questions i have:
- Are earnings generated online subject to taxation?
- If yes, should i declare the exact amount of money i earned to the MRA? Can i understate the amount?
- I'm not registered as self-employed, will this cause a problem?
- I'm thinking to open an Online Advertising company(LTD), is this possible in Mauritius?
I'll really appreciate if someone can answer my questions.
Thank you in advance,
20 Feb 2014 00:51, updated
08 Feb 2014, published