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How can I pay the taxes I earn from my games?

A topic by Pen Technology Games created Sep 19, 2023 Views: 650 Replies: 6
Viewing posts 1 to 4

I am under 18 but I have a bank account. If I transfer my income to this bank account, can I pay it or do I have to be 18 years old? And for example, if my parent gives permission, will it be my parent's income or will it continue to be my income? ı can explain the reason for asking this based on the answer.

Moderator

You can't receive payouts from itch.io into a bank account, it has to be a PayPal or Stripe. And please double-check section #2 of our terms:

If you register an account to sell, distribute, or publish games or other content on itch.io, you agree to be bound to the terms of this Agreement as a platform publisher (“Publisher”). Publishers affirm that they are either more than 18 years of age, or possess legal parental or guardian consent, and are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations and warranties set forth in this Agreement.

Hope this helps.

(+1)

It depends on which country you're in. Countries have different rules regarding minor's income. Some countries don't require people to disclose earnings from a hobby - or the first x portion of their earnings from a hobby. Other countries do. 

I recommend you use a search engine and type in "must minors pay tax on their earnings in <insert country name>.

My family had to deposit it. Well, for now, I have earned some money, I am not responsible as long as I do not touch it, right?

No, if you earned the money you need to check. Or your family who received the money must check with their tax authorities.  I think in most countries you're liable for taxes on income earned - whether or not you received or spent it. 

I mean somebody donated to my games and ı wouldn't touch it. 

Depends how much. If it's a little bit I wouldn't worry. 

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