It is true. They changed the law a couple years ago so it's only tax-free up to 250K euro a year, but y'know, if I ever should be so lucky as to make that much I'll be VERY HAPPY to pay my taxes on the rest of it.
(Either that or I'll incorporate in the Netherlands, where they do not tax any money made on royalties, and since literally every penny I make is from royalties... :))
Mind you, the whole tax-free thing makes significantly more difference when the dollar is at 1.26 (which is about where I start breaking even on living here vs in the states) against the euro than at 1.60, which is where it's been most of the time I've been *living* here....
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Date: 2008-11-29 12:03 pm (UTC)(Either that or I'll incorporate in the Netherlands, where they do not tax any money made on royalties, and since literally every penny I make is from royalties... :))
Mind you, the whole tax-free thing makes significantly more difference when the dollar is at 1.26 (which is about where I start breaking even on living here vs in the states) against the euro than at 1.60, which is where it's been most of the time I've been *living* here....