This is a very important post for those who live outside of the US. I had no clue! Thanks Dave and Marta!
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Reduce Amazon Tax withholdings by 30 percent and set up an ACX account if you’re a non-US authors and increase your Kindle royalties in 5 easy steps.
Source: Avoid the 30% Tax Withholding for Non-US Self Publishers
Reblogged this on Chris The Story Reading Ape's Blog and commented:
For details, click the Source: link at the bottom of the post đ
Be sure to read the comments to the original post. It seems EINs are no longer accepted for individuals. I had to re-enter my tax info for Smashwords several months ago and used my personal tax ID number (known as a Social Insurance Number here in Canada). That worked, after 3 attempts. What it boils down to is if your country has a tax treaty with the US you shouldn’t be seeing 30% withdrawal, but EIN can be used only if you’re a company, not an individual. Note: I haven’t made any changes to my tax info on Amazon so far, just Smashwords.
Thanks, Audrey. I just saw this. I appreciate you sharing your knowledge!
Be sure to read the comments to the original post. It seems EINs are no longer accepted for individuals. I had to re-enter my tax info for Smashwords several months ago and used my personal tax ID number (known as a Social Insurance Number here in Canada). That worked, after 3 attempts. What it boils down to is if your country has a tax treaty with the US you shouldnât be seeing 30% withdrawal, but EIN can be used only if youâre a company, not an individual. Note: I havenât made any changes to my tax info on Amazon so far, just Smashwords.