How to calculate Taxes if you're a Youtuber,
Online merchant 2023
The Egyptian Tax Authority issued a post on its Facebook page clarifying the definition of “common expenses” in the context of regular accounting and accounts for individuals involved in e-commerce operations (e-commerce / content sector).
The Tax Authority declared the previous year that it would need e-commerce practitioners and the content sector, such as YouTubers or bloggers, to register for taxes, and formed an e-commerce section, as well as undertake awareness programs and inventory operations to target these financiers.
What are the joint expanses ?
According to the Tax Authority’s Facebook post, joint expenses are the joint expenses between personal use and private use of the activity resulting from the exercise of the activity through the home with the absence of a separate private place for the exercise of non-home activity such as electricity, rent, and Internet expenses.
It further stated that joint expenses are deducted from the total cost as follows:
- Rental expense equal to 25% of the monthly rent value as specified in the lease contract.
75% of internet bills.
20% of electricity bills.
The taxes authority stated that if there is a separate place other than the house for the exercise of the activity, all expenses related to the place are approved.