Tax for a side job?

Waleedov Active member

Member since 17 March 2019

WaleedovActive member12 May 2020 20:29:19

I work full time as a developer, my friend asked me to help him with some code work for his website. After the job was done, he transferred the money to my account.

Questions:
Do I have to file this in the tax form?
The transfer was in January, and I already submitted my tax report. Can I do it next year or there is a penalty?

AlexFromBelgium Animateur Belgique EN/FR

Member since 28 January 2018

AlexFromBelgiumAnimateur Belgique EN/FR12 May 2020 22:02:54

1739

Tax report that you just did was for the year 2019.
The tax report is always about the previous year (when the full period is over).
So you don't care right now, but next year

Did you had a contract? Do you have your own company / self-employee / vat / ...?
It also depends on the amount that you got paid... and on what terms/contract...

Waleedov Active member

Member since 17 March 2019

WaleedovActive member12 May 2020 22:34:26

No contract, no terms, he is my friend so no need for that I thought.
I work full-time in a company, I don't have my own company.
The amount was 1500 euros.

Let's say it is gift money, is there tax for that? What index number?

I went though all the boxes, can't find a related thing.

phipiemar VIP Member

Member since 01 May 2013

phipiemarVIP Member13 May 2020 08:16:00

4733

Hello,

In reality, you have to be more subtle. Your friend gave you money for a job. But did he enter this amount on the accounts of his company or not? If it did and it undergoes a tax audit, the tax service will verify your declaration ... And if nothing is reported, you will receive a letter that will not make you happy at all ...