Hi Natman, I read the articles and i have a few questions.
My country doesn’t have tax treaty, and i understand i should pay 30% for every sale that comes from us buyer (not including envato fee in this 30%). Am i right here?
should i fill any form for this 30% or you just envato will held me that price ?
if i should fill a form should i present this in my tax office in my country, cause i work from home and i don’t have business id. can i do it without business id from my country ?
i have partnership with different autors, i share my envato profit with near 10-15 autors. cause i work html, joomla, drupal, wp, psd. From 2016 should i be able to share my profit from envato or not. if not, the last opportunity will be to share from my paypal. Can you explain me this point more please. I understand that envato doesn’t have responsibilities about our agreements but just if you can explain me more, will i be able to make more than one withdrawal in different paypal and skrill accounts from envato.
As of January 1st 2016 we are streamlining our withdrawal system. Withdrawals will only be processed to the nominated account holder payment details and the country must match the one on the completed W-8 or W-9 form.
Please It is very hard
I want to pay many loans, My only earning is from themeforest. Please
Abusive dealing with 1/2 (or even 2/3) of the authors here by ENVATO side. “My country is the good one, yours is bad!” EXCUSE ME!
US tax law has nothing to do with authors. This is ENVATO’s business - WE ARE AUTHORS, THE SELLER IS ENVATO!
“Envato is expanding into US” sounds funny - this business is online entirely and the location has no meaning.
Charging authors with taxes, that has to be paid by ENVATO, is a cinical act.
If ENVATO begins to treat authors as SELLERS, then the Deal “50/50” has no place in this relationship anymore. Percentage distribution has to be done in a very different way.
During the last few months I see truly expanding places. I do not have a hard proof that ENVATO is one of them. I see a big wave of upcoming migration to…
ENVATO staff, do not blame us for this BIG BANG of negative emotions.
PLEASE, DON’T THROW STONES AT THOSE WHO FEED YOU!
So, from what I understand ( http://awesomescreenshot.com/0a55c6whef ), from 2016, when I have purchases from USA customers, USA will withhold 10% as taxes…
And then I will have to prove to my local tax authorities that I already paid 10% of my taxes …???
Just a quick note: an accountant saw the example of the summary document and she said it’s never going to be accepted by the local tax authorities. Just to let you know…
So I’m going to pay twice. Once in USA and once in my country.
I also thought of an IPO & EXIT. But i always remind myself it’s a bootstrapped company with a big capital that affords big investments. I guess we’ll just have to see what’s coming
They could also be moving here to take advantage of the lenient tax loopholes for big corporations, Envato could possibly save tens of millions of dollars in taxes by moving to the U.S.
How do you inform what you earn to the local authorities? I mean do you define yourself as a contractor of Envato or direct seller? I think there’s a confussion on this. Accountants I asked in my country never agreed on what kind of a tax I should pay.
As Envato says about W8 details. "What will we do with this information?
The W-8 form will determine the appropriate withholding tax rate that will be applied to your sales to US buyers. At the end of each financial year, we’ll send to you and the IRS the appropriate IRS Form 1042 so that you can accurately report your income to your local tax authorities and claim any credits for the taxes withheld and remitted to the IRS."
So, they are planning to send IRS Form 1042 each financial years to the US IRS or authors local IRS(TAX) structure? Logical thinking says - US IRS, but after today everything is possible. What do you guys think?
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