I recently started to use Adobe Stock and there is something that confuse me . Can you please help me to clear 1. What is certificate of foreign status of beneficial owner for united states tax withholding and Reporting 2. I live outside of usa as i'm a Japanese resident.Does this still apply to me Please expalin this Thanks
my understanding (I am not a lawyer or accountant): when a US company pays for work or products, it must take tax for everyone, and pay it to US government. This is US law. If you live outside the US you must send a special certificate to prove it. Then the US company can pay all your money, not keeping any tax. (Of course this money must be reported to your own country’s tax people, and you must pay local tax. Without the certificate you will pay double tax).