Non-US Self-Publisher? Tax Issues Don’t Need to be Taxing (Overhauled Oct ’14)

22 Oct

This update is very welcome news!

CATHERINE RYAN HOWARD

****Update October 2014 – Read Me!****

From the Amazon KDP Tax Interview guide, October 2014:

“If you are claiming a reduced rate of withholding tax under an income tax treaty and do not have a U.S. TIN, provide your foreign (non-U.S.) income tax identification number to receive treaty benefits. This number is issued by your local tax authority or government for income tax purposes.”

That’s right, folks. Now – thanks to changes in something called FATCA (thanks Marcela of Beyond Frontiers Tax for the heads up!) – you only need the tax identification number from your own country to avail of any tax treaty benefits that may exist between your country of residence and the United States. This, for example, is an NI number in the UK and a PPS number in Ireland. This means you will know never know the horror of obtaining an ITIN or the suspicious…

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