@genik wrote:
Thanks Jill.
What exactly do you mean by "however I think that perhaps payouts will be deferred until you have submitted the form"?
You won't lose any earnings, but you can't request the payment. I addition, tax deduction will be at 30% at the moment of your sale, and that won't be refundable.
The effect of not having filled out and submitted the tax form makes you lose 30% minus the tax deduction that gets taken normally for your country.
BTW: tax treaties are published on the us government web pages and wherever your country publishes its laws and treaties. You will find all relevant information by reading that treaty, but it's not really required (for our activity). By filling out the required form, the most difficult part is understanding the English language, if you are not a native speaker. The form is straight forward, and all yo have to do is to select your country. Necessary withholding rates are applied automatically by Adobe.
The form itself is from the IRS, and is to be used for all types of revenues and situation. So there are a lot of fields that simply stay blank. The aim of this is, that you pay somewhere your taxes due. It's as important that you understand your local tax implications, like what to declare how in your country, than to fill in this form. That information need to be gathered locally.
Adobe has compiled a list of countries and withholding rates and the relevant section in the treaty for stock activity. https://helpx.adobe.com/stock/contributor/help/withholding-rates-country.html?cq_ck=1503513388328.
If you need help with the taxes, you need to find a lawyer in your country specialized in this item. Adobe won't provide tax advice, beyond what is published as general information on their website.
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