I have question to staff that answers will be interested for everyone. We all see changes in US withhold in our account. But where is changes in Withdrawal UI part? As we all know now we can make one withdrawal per month to payment account in the same country as we submitted in tax form. Where is this changes? I see the same UI for withdrawal page like before (looks like I can still made multiple withdrawals as before).
Also I remember official reply that we can send money to our partners (to another payment account) to the same country as our or to another country (if we will submit additional tax form for partner). How to do this? How to withdraw money to another partner payment account? Where is new UI for this?
I need to know that why invoice total is less than item price and I got to know after calculating that we don’t have to pay tax just from our earnings/commissions its actually that we have to pay tax from the invoice total . So its not just 15% for me its about 23% if I just calculate the deducted taxes from my earnings .
Just an exclusive author reporting on how things are at the moment.
I sell something for 19 dollars, i only get 5.
Not only is this unjust, but also senseless.
I would highly appreciate it if envato could implement an additional window in the earnings or statement page which indicates the percentage of the witholding tax that is applied to either all or just us sales. I just resubmitted the W8 form on my exclusive and non exclusive account yesterday since I wasn’t able to take a look at the already submitted forms. Since America has a 0% tax treaty with my country I hopefully won’t see any significant changes.
From the amount shown in your image, it looks like the withholding is 10%. In which case it means that your country has a 10% tax treaty and it is being applied. You are better off than authors from countries with no treaty, but you still have to pay those remaining 10%. Nothing more you can do, unfortunately.
You’ll get a document in 2017 detailing all the tax that has been withheld during 2016. Show that to your tax people and, in theory, you can offset what you owe in taxes by what you’ve already paid to the IRS.
I’ve noticed on quite a few sales that I’m seeing tax being withheld, I’ve filled out the required form and thought that the UK had a tax treaty with the U.S.
But have a newer question: there are 3 checkboxes at the bottom of the form (“I clarify that…”). Which of these have to be checked? Could someone explain it to plain English, please?
(please don’t advice to read the IRS guide as that didn’t make it clearer…)
Wow, you pay only 10%? Imagine when the 23% tax I don’t need to pay end, I’ll pay 30% envato + 23% Tax. 47% remaining vs USD to EUR… I’ll not even make any type of work LOL