Does Fullscreen withhold tax for their foreign partners?

V

VanishingSilverchair

New Member
When signing up, Fullscreen requires non-US partners to filled out the W-8BEN form, does it means the income generated will be subject to a 30% US tax? (that is, on the top of, the 30% revenue FS is taking, and any other tax that the foreign partner is required to pay to his/her native country, assuming it's a non-treaty country)

Can anyone confirm that?

It seems that a substantial portion of earning will be taken a way in the process. Any input will be appreciated.

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Reference from “Instruction for Form W-8BEN” (google it if you need to look at the original) published by IRS:

Purpose of Form
Establishing status for chapter 3 purposes. Foreign persons are subject to U.S. tax at a 30% rate on income they receive from U.S. sources that consists of:

Interest (including certain original issue discount (OID));
Dividends;
Rents;
Royalties;
Premiums;
Annuities;
Compensation for, or in expectation of, services
Substitute payments in a securities lending transaction;
Other fixed or determinable annual or periodical gains, profits, or income.
​
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No, as a contractor it is you that is obligated to file your own taxes, no MCN witholds any portion of your revenue for taxes (unless you hire them to do you taxes..)
That's just a myth that Freedom and a couple of other MCNs spread around. As a contractor rather than an employee, the obligation to file taxes falls to you rather than them.

Also note that with an MCN, you are in practice not selling anything, the MCN is buying your monthly impressions off you for X% of what they earn from those impressions.
 
If you make tons of money,you MUST pay taxes in your Country.
The taxes are 30%.It depends on your country.In my country we need to pay 10%(But nobody really pays that..).
 
VanishingSilverchair said:
When signing up, Fullscreen requires non-US partners to filled out the W-8BEN form, does it means the income generated will be subject to a 30% US tax? (that is, on the top of, the 30% revenue FS is taking, and any other tax that the foreign partner is required to pay to his/her native country, assuming it's a non-treaty country)

Can anyone confirm that?

It seems that a substantial portion of earning will be taken a way in the process. Any input will be appreciated.

-------------------
Reference from “Instruction for Form W-8BEN” (google it if you need to look at the original) published by IRS:

Purpose of Form
Establishing status for chapter 3 purposes. Foreign persons are subject to U.S. tax at a 30% rate on income they receive from U.S. sources that consists of:

Interest (including certain original issue discount (OID));
Dividends;
Rents;
Royalties;
Premiums;
Annuities;
Compensation for, or in expectation of, services
Substitute payments in a securities lending transaction;
Other fixed or determinable annual or periodical gains, profits, or income.
​
-------------------
Click to expand...
Why I not get it :/ W-8BEN Form cuz I'm Non-US Partner too
 
Shane said:
No, as a contractor it is you that is obligated to file your own taxes, no MCN witholds any portion of your revenue for taxes (unless you hire them to do you taxes..)
That's just a myth that Freedom and a couple of other MCNs spread around. As a contractor rather than an employee, the obligation to file taxes falls to you rather than them.

Also note that with an MCN, you are in practice not selling anything, the MCN is buying your monthly impressions off you for X% of what they earn from those impressions.
Click to expand...

Thank you so much for the clarification, it's very helpful![DOUBLEPOST=1442448679,1442448464][/DOUBLEPOST]
kankyo11 said:
Why I not get it :/ W-8BEN Form cuz I'm Non-US Partner too
Click to expand...
Have you received your first payment already?
 
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