Quote:
Originally Posted by bigalownz
i was told by some one i found this on the tax dept site
""Banner advertisements are frequently placed on a website to advertise a product from, or link to, another site. Commissions received from banner advertising are not taxable income while commissions paid for business advertising are deductible.
In some cases the advertising is by a reciprocal arrangement between sites by contras or barter. There should be an open market value placed on the value of the goods supplied and received by barter, which may mean that in most arms-length situations the tax effect is neutral."
Ill have to phone the tax dept this week and see what the say
cause a tgp gallery is the same as a big banner and your not selling anything the porn companies are
i know that you can clame a tax deductible expenses etc on some things for a web site
Annual fee for registration
Renting space on an ISP server
Site update costs
Cost of a server
etc
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um yeah that's just wrong. In fact it says the opposite, that it IS taxable.
http://www.ird.govt.nz/ecommerce-tax...et-issues.html