submitted 1 year ago by jack@monero.town to c/monero@monero.town

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If I donate XMR to e.g. the developers of a free software project, how are taxes handled? Is the developer assumed to report his profits to the state and handle the taxes or do most devs just keep 100% of the donation?

If it would somehow be made public that I donated x amount to a dev and that neither of us payed taxes, would the dev be taken accountable or me or both of us?

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[-] mister_monster@monero.town 3 points 1 year ago

Well, the recipient if they're paying taxes would report it, but they can't prove who gave it. If you give your name they can. If it's a charitable donation you'd probably want to to write it off.