Income from streaming or rewards-based fundraising campaigns is taxable income.
Report the income on your tax return as income from income-generating activities. You can deduct the expenses caused by the production of this income from the amount of income you have received. These may include expenses for equipment or other materials.
Example: You hold three separate concerts through a streaming service. You do not have a company, so you file the income and expenses on your own tax return. You stream the concerts from your apartment that you rent. You use a computer that you bought in the beginning of the year as well as a microphone you bought specifically for this purpose. You receive viewer donations through the streaming service.
What expenses can I deduct?
You can claim deductions for the entire price of the microphone and a part of the price of the computer. If you can prove that you have used the computer for work, you can deduct 50% of its purchase price. The computer cost €1,400. Fifty percent of this, i.e. €700, is considered an expense deductible in tax assessment. The cost of your internet connection is also deductible. You can claim a deduction for 50% of the costs for the months during which you used the connection for work.
You can claim the standard deduction for home office costs. If you earn occasional secondary income by working from home, the deduction is €230. The standard deduction includes all indirect costs caused by working from home.
What is a rewards-based crowdfunding campaign?
It refers to a fundraising campaign in which the donors receive compensation in exchange for their money, such as products, services, shares, memberships or participation in an event.
If no compensation is given to donors, you will need a fundraising permit from the police.