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Participant
June 17, 2021
Answered

Contributing from Costa Rica

  • June 17, 2021
  • 2 replies
  • 278 views

Hello! 
I'm new as a contributor here, do any of you guys know how does selling work if you're not located in USA? Any experience with taxes?

This topic has been closed for replies.
Correct answer Nancy OShea

Many Stock Contributors are non-US citizens.  It's not a problem.

 

See the Stock Contributor User Guide for more details.

https://helpx.adobe.com/stock/contributor/user-guide.html/stock/contributor/help/Taxes-non-US-citizens.ug.html

 

If your country of residence has no tax treaty with the US, your tax withholding rate is 30%.

https://helpx.adobe.com/stock/contributor/help/withholding-rates-country.html?cq_ck=1503513388328.ug.html#Nontreatycountries

 

2 replies

Abambo
Community Expert
Community Expert
June 17, 2021

Taxes are dependent on a treaty between your country and the USA. You will need to fill out a form to clear your tax situation with Adobe. You are responsible to declare your income in your country according to the countries rules. The payout from Adobe will be the earnings minus the required US taxes. For many countries, the bilateral treaty say that you pay taxes in the country of residence. For some countries, you need to pay a reduced tax in the USA. Whatever your specific situation is, it depends on bilateral treaties between Costa Rica and the USA.

 

As for the rest, look into @Nancy OShea's links.

ABAMBO | Hard- and Software Engineer | Photographer
ValB.Author
Participant
June 17, 2021

Thank you!

Abambo
Community Expert
Community Expert
June 18, 2021

You're welcome.

ABAMBO | Hard- and Software Engineer | Photographer
Nancy OShea
Community Expert
Nancy OSheaCommunity ExpertCorrect answer
Community Expert
June 17, 2021

Many Stock Contributors are non-US citizens.  It's not a problem.

 

See the Stock Contributor User Guide for more details.

https://helpx.adobe.com/stock/contributor/user-guide.html/stock/contributor/help/Taxes-non-US-citizens.ug.html

 

If your country of residence has no tax treaty with the US, your tax withholding rate is 30%.

https://helpx.adobe.com/stock/contributor/help/withholding-rates-country.html?cq_ck=1503513388328.ug.html#Nontreatycountries

 

Nancy O'Shea— Product User & Community Expert
ValB.Author
Participant
June 17, 2021

Thank you, Nancy!!