My item price is 26 USD but its showing like this can anybody help me please…
Statement page will give you more info.
You didn’t submit your tax info, so Envato must collect 30% backup tax withholding on all of your sales ($20.00 x 30% = $6.00).
Submit your tax info in your account settings and supply a valid tax ID number from your country. You won’t have to pay withholding tax on any sales except sales from the United States, and the amount will only be 15% instead of 30%.
More details here:
What Bailey said. You’ve got a $26 item with a $6 buyers fee… so the item price is $20. Your authors fees and taxes are based on that item price. So 30% of $20 is $6, which is your withholding tax. And 37.5% of $20 is $7.50 which is your author fee. Take the $6 and the $7.50 from the item price and you’re left with $6.50
If you submit your tax forms (and India still has a 15% withholding rate) then the tax on that sale would be $3 rather than $6… leaving you with $9.50 for a sale to a US buyer, and $12.50 for a sale to a non-US buyer.
Thank you @baileyherbert:blush:
Thank you @SpaceStockFootage…i am new to this market…can you please tell me …how can i get tax form
You want setting and then tax information. This might be the link (went to my tax page, copied the URL and then replaced my name with yours)…
I don;t think that worked, but yeah… settings… tax info.
ok thank you