Team & Career · Topic 25 of 27
What do you need to know about taxes?
Register, collect receipts, set money aside.
You make money with music? Then think about taxes. It sounds dry, but it saves you a lot of trouble later. (This covers Germany.)
- Register with the tax office as self-employed. You can do it online via ELSTER with the tax registration questionnaire.
- As a small business (Kleinunternehmer) you can often skip VAT, as long as your turnover stays below the legal limit.
- Collect all receipts, for example for equipment, studio and travel to shows. You can deduct them.
- Set aside about a third of your income for tax.
Once real money comes in, a tax adviser is worth it. This page is no substitute for tax advice.
In shortRegister, collect receipts, build a reserve.
All figures are rough guidelines for beginners and focus on Germany. They are no substitute for legal or tax advice.
