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Author Topic: Canva 15% tax withholding  (Read 4483 times)

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« on: July 31, 2018, 03:19 »
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.

« Reply #1 on: July 31, 2018, 07:28 »
No, they wont send you anything.  You just have to come up with it from your records.  And if youre in the IS, they should keep %5.

« Reply #2 on: August 02, 2018, 00:51 »
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 ...

« Reply #3 on: August 02, 2018, 00:56 »
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.


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