MicrostockGroup
Agency Based Discussion => iStockPhoto.com => Topic started by: [email protected] on November 16, 2018, 11:09
-
Why is istock's US income minus 30% tax, and my shutterstock is 15% tax! Is there any problem with me filling out the tax form?
-
Ask THEM.
Pretty sure nobody here has the answer.
-
Ask THEM.
Pretty sure nobody here has the answer.
Ditto.
And even if they do have an answer here - I would still contact the companies 8)
-
because their 85% share of income is not enough.
-
because their 85% share of income is not enough.
Haha!
-
because their 85% share of income is not enough.
As if they're keeping the 30% tax in their pocket.
-
because their 85% share of income is not enough.
As if they're keeping the 30% tax in their pocket.
Is it so shameless?
-
because their 85% share of income is not enough.
As if they're keeping the 30% tax in their pocket.
Is it so shameless?
it would be illegal, but if they are sending you 1042s forms they are not keeping it for themselves.
-
Remember to feed back the answer they give you.
-
To complicate the question further why would a Canadian company be collecting taxes for the US at all? Does Canada have a tax treaty with the US?
-
To complicate the question further why would a Canadian company be collecting taxes for the US at all? Does Canada have a tax treaty with the US?
Since they're owned by Getty, US tax laws are applicable.
-
To complicate the question further why would a Canadian company be collecting taxes for the US at all? Does Canada have a tax treaty with the US?
Since they're owned by Getty, US tax laws are applicable.
No, company profits repatriated to the US are taxable, Canadian tax laws would be applicable to businesses based in Canada.
-
I'm assuming you need to fill out a tax form and submit to istock.
-
I'm assuming you need to fill out a tax form and submit to istock.
I filled out, I filled out the same tax form as ss, I think there is no problem, but ss will only charge me 15% of the US income source tax, but is 30%!
-
This answer? ! ! ! Haha! Silent
-
does your country have tax treaty with USA?
check the list on IRS
-
As the correct withholding rate is 30%
https://www.irs.gov/individuals/international-taxpayers/withholding-of-tax (https://www.irs.gov/individuals/international-taxpayers/withholding-of-tax)
the question is really 'why is SS only taking 15%?'
Because according to SS's own page, they should be charging 30%
https://forums.submit.shutterstock.com/topic/37394-withholding-taxes-non-us-submitters-answering-your-questions (https://forums.submit.shutterstock.com/topic/37394-withholding-taxes-non-us-submitters-answering-your-questions)
This assuming your country has no tax agreement with the US and that you filled in the relevant forms correctly for each agency.