Taxes: Setting Up My Tax Info

In this guide:

• Why Tax Information is Required
• How to Submit Your Tax Information
  • U.S. Person
  • Non U.S. Individual
  • Non U.S. Entity
    

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Why Tax Information is Required

To comply with local tax requirements and ensure accurate account information, your tax information within our Dashboard must be updated, at minimum, every three (3) years. Once your tax information has been updated, you will be able to Verify & Transfer earnings and update your Statements.

Completed and accurate tax information allows:

1. Filmhub (by law) to properly calculate tax withholdings
   1. For Non-US entities and individuals, we withhold according to treaty rates between the US & the country. For a list of these royalty treaty rates, see: https://taxsummaries.pwc.com/united-states/corporate/withholding-taxes
      
      1. The amount depends on your country you live in.
      2. For example, we are legally required to withhold 10% of payments to Canada, 0% of payments to Germany, and 10% of payment to Mexico.
2. You to receive a yearly report
   1. Once a year, Filmhub reports these withheld amounts to you.
3. You to claim the withheld amounts back from your local tax authority
   1. With this report, you should be able to reclaim these amounts from your local tax authority.
      1. Please ask your local tax advisor how to do this. Again, we cannot help you with tax advice - please see our NO TAX ADVICE disclaimer at the top of this guide.

How to Submit Your Tax Information

Navigate to the "Taxes" page in the left navigation of your Dashboard:

Submit your PayPal account email address and your permanent residence address:

U.S. Person

Definition of a U.S. person: For federal tax purposes, you are considered a U.S. person if you are:

• An individual who is a U.S. citizen of U.S. resident alien;
• A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States;
• An estate (other than a foreign estate); or
• A domestic trust (as defined in Regulations section 301.7701-7).

This section collects information traditionally submitted via IRS forms like W-9. Please note that since you receive your Earnings via PayPal - PayPal is responsible for sending you a 1099. They will only send you a 1099 if your amounts received are >US$20,000.

Identification of Beneficial Owner

This is the most common information required. All fields are required.

Name

Enter your name exactly as shown on your income tax return.

Federal Tax Classification

Please select the classification by IRS. For Limited Liability companies, please also enter your LLC tax classification.

U.S. Tax ID Number

For individuals, enter your Social Security Number. For corporations and other entities, enter your Employer identification number.

Non U.S. Individual

This section only applies only to individuals - not companies - outside the U.S. For the exact definition please see the IRS Instructions. It collects information traditionally submitted via IRS forms like W-8BEN.

Identification of Beneficial Owner

This is the most common information required. All fields are required.

More (only if applicable)

This is required only in certain situations. Please fill out any information if it applies to you. Please ask your local tax consultant, or find more information in the IRS Instructions.

Non U.S. Entity

This section only applies to companies outside the U.S. It collects information traditionally submitted via IRS forms like W-8BEN-E. For the exact definition please see the IRS Instructions.

We strive to make this very complex IRS form as user friendly as possible. The most common scenario is shown first. Depending on your selection, more fields show on the form dynamically. All shown fields are required to get paid and receive reports.

More (only if applicable)

This is required only in certain situations. Please fill out any information if it applies to you. Please ask your local tax consultant, or find more information in the IRS Instructions.

Certification Step

This step is required in order to ensure your tax information is processed correctly. Once you have certified that the above information is true, sign the box at the bottom with your signature and make sure to click SAVE.