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Author Topic: Why is istock's US income minus 30% tax, and my shutterstock is 15% tax! Is ther  (Read 2174 times)

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« on: November 16, 2018, 11:09 »
0
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?


« Reply #1 on: November 16, 2018, 11:39 »
+2
Ask THEM.
Pretty sure nobody here has the answer.

nobody

« Reply #2 on: November 16, 2018, 11:53 »
0
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)

« Reply #3 on: November 16, 2018, 12:30 »
+1
because their 85% share of income is not enough.

« Reply #4 on: November 17, 2018, 07:44 »
0
because their 85% share of income is not enough.
Haha!

Noedelhap

  • www.colincramm.com

« Reply #5 on: November 17, 2018, 09:57 »
0
because their 85% share of income is not enough.

As if they're keeping the 30% tax in their pocket.

« Reply #6 on: November 17, 2018, 10:29 »
0
because their 85% share of income is not enough.

As if they're keeping the 30% tax in their pocket.
Is it so shameless?

« Reply #7 on: November 17, 2018, 10:49 »
0
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.




ShadySue

« Reply #8 on: November 17, 2018, 11:56 »
0
Remember to feed back the answer they give you.

« Reply #9 on: November 17, 2018, 13:24 »
0
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?

Noedelhap

  • www.colincramm.com

« Reply #10 on: November 17, 2018, 14:34 »
0
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.

« Reply #11 on: November 17, 2018, 14:53 »
0
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.

« Reply #12 on: November 17, 2018, 23:23 »
0
I'm assuming you need to fill out a tax form and submit to istock.

« Reply #13 on: November 18, 2018, 02:08 »
0
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%!

« Reply #14 on: November 18, 2018, 02:12 »
0
This answer? ! ! ! Haha! Silent

« Reply #15 on: November 18, 2018, 05:05 »
0
does your country have tax treaty with USA?

check the list on IRS

ShadySue

« Reply #16 on: November 18, 2018, 06:31 »
0
As the correct withholding rate is 30%
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

This assuming your country has no tax agreement with the US and that you filled in the relevant forms correctly for each agency.


 

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