I am a new instructor on Udemy since last year. I have a question for all experienced romanian instructors. What is the best way to declare and pay your taxes here in Romania for the Udemy revenue?
I have searched the web and even spoke to an accountant but things are still confusing for me.
From my understanding there should be 2 ways of doing this:
1. Create a PFA (but I'm not really sure what CAEN code would this activity of selling courses on Udemy fit in)
2. Declare the revenue under the unique declaration as intelectual property rights. But here there are some caviats as well, as if the revenue exceeds 12 minimum wages per year it says that you also have to pay CAS and CASS. I don't really understand why because I am a full time employee and already pay all these CAS and CASS taxes.
Any help or advise from someone who is already doing this would be very helpful and highly appreciated.
Honestly, I don't think it's a good idea to get advice on international taxes from a forum. You need to make sure you're doing the right thing with the IRS (via the W8 form) and with Romania. I recommend finding an accountant who knows about US tax treaties. I know it's annoying to have to pay someone for this, but I think it's worth it. You'll sleep better, and doing it correctly now might save you money and headaches in the future.
Anyway, it's good motivation to be successful here on Udemy. I wish you success!