Taxes. Yes, even writers have to deal with them and they only get more complicated once you throw living out of country into the mix. I've been sniffing around for information related to this due to my going overseas soon and I thought I'd share the information I found with you, my readers.
Thank you Stina for allowing me to take over your blog today. I hope that I may bring some knowledge to those who plan on doing business in the U.S., but may reside elsewhere.Click here to continue reading at Stina Lindenblatt's blog.
When I was paired with an illustrator on an anthology project, I had no clue where Maldives was located, but I knew I needed to work with Rimi no matter the consequences. Working with others who reside outside of the U.S. requires knowledge of certain tax laws.
Are you thinking of publishing in the U.S., but live in another country? Maybe you are working with someone else in another country on a collaboration, perhaps even a business partnership? Regardless of whether you plan on self-publishing or going the traditional route, if your work will be published in the U.S., you’ll need to understand certain aspects of our tax laws.
The U.S. government requires companies to withhold 30% of royalties made in the U.S. and paid to entities residing in other countries…unless the U.S. has a tax treaty with your country.
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I was just trying to decipher all this complexity the other day, it seems so complicated. Thanks for sharing though. :)
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