I am a non-us author. I haven’t submitted my tax information yet. Without my tax information Envato cut 24% on each sale. If I submit my tax information whether Envato will reduce the withholding tax percentage or not?
If you are an author, your earnings will be subject to US backup withholding tax of 24% if you do not submit your tax information. It does not matter if you are a non-US person, your earnings will be subject to 24% backup withholding tax if you do not provide your tax information.
as a non us author you will find all of information about tax from here
take a look on this article hope your find your answer well.
If I provide my tax information of my country, suppose Bangladesh. So then Envato will not cut the 24% backup withholding tax?
If you submit the form with your TAX information then only tax will be taken for US sale and TAX percentage depends on your country.
US Tax Treaties:
Yes they will not cutting extra 24%.
But they must getting 15% us tax fees.
Don’t forget to submit in the W-8 form your domestic tax-id as foreign tax id, otherwise you don’t benefit from the USA-Bangladesh tax treaty of 10%. on US sales. Without the tax-id you have to pay 30% on US sales.