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Author Topic: Withholding tax  (Read 4567 times)

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outoftheblue

« Reply #25 on: March 06, 2017, 02:47 »
+2
Just an update about the UK-Australia tax rate. Lee replied, nice to see that some sites are responsive to contributors. All's well that ends well.

Quote
Hi __,

You're right. We've updated it to 5% for the February payments and will soon make a separate adjustment payment to correct the January calculations. Sorry about this! We'll clean it up shortly.

Cheers,
Lee.


« Reply #26 on: March 06, 2017, 03:28 »
0
That's good, will make a big difference.

« Reply #27 on: May 11, 2017, 10:29 »
0
Now that it's been a few months since this announcement went into effect, I'm noticing another glitch. The amount they withhold for taxes stays in my account balance. Eventually, I will have over $100 in my account each month simply because it is taxes. So do I get paid based on my new sales (sales of at least $100) or do I get paid based on my account balance? When will the taxes withheld be taken out of my account (if ever)? It's a very strange system for sure.

Stockvideo99

« Reply #28 on: May 11, 2017, 18:53 »
+2
In Canada I can claim back the withholding tax as a deduction against my income and I sell a ton of video on Shutterstock and Videoblocks and this year I sent those tax forms to my accountant just in case she needed or wanted them and to my surprise it was all claimed back.  Now I know.

Was a nice little offset to how much tax I had to pay this year.


 

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