MicrostockGroup
Agency Based Discussion => Canva => Topic started by: leremy on July 31, 2018, 03:19
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I have a question about Canva 15% tax withholding.
US based microstock agencies (such as Shutterstock, Dreamstime, etc) will send us 1042-S Form every year to show how much tax withholding they took.
As for Canva which is based at Australia, they took 15% tax withholding of our total sales regardless of where the customers from. My question is whether Canva will send us any "1042-S Form" or similar kind every year to us? This is important for us who are filing tax in our country.
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No, they won’t send you anything. You just have to come up with it from your records. And if you’re in the IS, they should keep %5.
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As a matter of fact, they do send an annual statement, at least they did last year. On 25th July 2017 I received a statement from Canva stating the withholdings from 1st July 2016 till 30th June 2017. Their accountancy year ends in June, so I expected to receive another one a few days ago. Nothing yet ...
With this piece of paper, my accountant can deduct the paid taxes from what I have to pay in taxes, though it's a very late deduction, as I will only see the results of the second half of 2018 in 2020 ...
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Thanks for the answers. So, I suppose we just do our own accounting as 15% tax withheld without the tax form as proof first and expect to receive it later.