Welcome to WebmasterWorld Guest from 126.96.36.199
Please share your experience, It would be very appreciated.
In advance thank you for any comments regarding tax paying and online marketing outside the USA.
What I do actually do is put x% of each cheque in a seperate account so I can pay my taxes on time and without worry.
If you have a good accountant youll only pay a small percentage of your income in tax, beleive me its worth being truthful with the tax man. I a guy who fell foul of them once.
I guess we have to filled out the W-8BEN form ,otherwise CJ.com may charge you 30%
This form certifies that as a non-US resident, your earnings are not subject to US tax. Without this form, Commission Junction may be required to withhold 30% of a publisher's payments
So we have to
In Canada you don't have to pay tax on that right away - but you will have to declare it on your income and pay tax on it at the end of the year. It's not free money, sorry. In short, track it and declare it.
Then (again, in Canada) if you have to pay more taxes than a certain limit - I think $2000 - they want you to pay installments on your taxes the following year. So if you made $8000 from US sources and had to pay $4000 taxes that year, the govt will want $1000 a quarter the following year as they'll be expecting that you will earn the same $8000 the following year, and don't want to wait for their money.
I think it gets more complicated when you start owning companies both sides of the border but that's when you need an accountant involved.