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Author Topic: Twenty20 tax update  (Read 426 times)

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« on: May 02, 2019, 00:19 »
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Now that twenty20 belongs to Envato they added new tax implications. I wonder how much will they pay for images now?

https://help.twenty20.com/hc/en-us/articles/360022288573-Why-has-tax-been-withheld-from-my-earnings-


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« Reply #1 on: May 02, 2019, 18:33 »
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i just received a mail that i needed to comfirm my personal info to them give my full  name and home address.has anyone else got this mail from twenty20? sorry but there are many scams out there thats why i am asking

« Reply #2 on: May 02, 2019, 19:29 »
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Yes i got that too, even in my app it is always showing "subject to applicable royalty withholding tax",

...Ok i understand that, my country does not have a tax treaty with the U.S or Australia, but i get tax deduction on SS only when the customer is also from the U.S, but how does Envato deduct taxes?

I have to say that i earned noticeably more for April but got 40$ withheld for taxes  :(

« Reply #3 on: May 03, 2019, 01:30 »
+1
At least they make it easy to delete an account :)

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« Reply #4 on: May 03, 2019, 02:04 »
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Yes i got that too, even in my app it is always showing "subject to applicable royalty withholding tax",

...Ok i understand that, my country does not have a tax treaty with the U.S or Australia, but i get tax deduction on SS only when the customer is also from the U.S, but how does Envato deduct taxes?

I have to say that i earned noticeably more for April but got 40$ withheld for taxes  :(

Same. Buyer from Australia... tax withheld. Not from Australia, no tax withheld. As for the noticeably more... did you read the announcement? They gave a welcome bonus to everyone and have increased the commission rate. 

« Reply #5 on: May 03, 2019, 03:59 »
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Yes they gave a bonus which was nice and the price per image is similar to the $2 it was minus tax deductions.

Yes i got that too, even in my app it is always showing "subject to applicable royalty withholding tax",

...Ok i understand that, my country does not have a tax treaty with the U.S or Australia, but i get tax deduction on SS only when the customer is also from the U.S, but how does Envato deduct taxes?

I have to say that i earned noticeably more for April but got 40$ withheld for taxes  :(

Same. Buyer from Australia... tax withheld. Not from Australia, no tax withheld. As for the noticeably more... did you read the announcement? They gave a welcome bonus to everyone and have increased the commission rate.

« Reply #6 on: May 03, 2019, 10:42 »
0
Yes i got that too, even in my app it is always showing "subject to applicable royalty withholding tax",

...Ok i understand that, my country does not have a tax treaty with the U.S or Australia, but i get tax deduction on SS only when the customer is also from the U.S, but how does Envato deduct taxes?

I have to say that i earned noticeably more for April but got 40$ withheld for taxes  :(

Same. Buyer from Australia... tax withheld. Not from Australia, no tax withheld. As for the noticeably more... did you read the announcement? They gave a welcome bonus to everyone and have increased the commission rate.

Ok.
Yes i got the Wellcome March Bonus -taxes on that one too, but i still made more on regular April sales then previous.

So how did T20 handle taxes?, i never got anything about tax withhold on T20 which is weird.




 

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