Shutterstock Photographer Forum :: View topic

lassekk · Joined: 12 Oct 2006 Posts: 26

When is the 30 percent cut taking place?
Is it from July?

Cheers!

linncurrie · Joined: 13 Jan 2008 Posts: 106 Location: South Africa

Nobody knows yet ... not even SS ... I think ;-) Just sit tight and watch for news from Admin ... that's all we are all doing right now.

luceluceluce · Joined: 10 Dec 2008 Posts: 2616 Location: Aquafun, Minsk

yeah, they just posted a nice update saying hold. Don't worry, they won't start taking money yet... I think they are still exploring ways to help us avoid it... and that's time well spent : )
x

mreco · Joined: 12 Mar 2009 Posts: 1155 Location: Hampshire, UK

can we withdraw payment now, without loosing 30%

mreco · Joined: 12 Mar 2009 Posts: 1155 Location: Hampshire, UK

Mike Price · Joined: 06 Jun 2008 Posts: 2933 Location: South Wales

The update says they will not start taxing until SS as finalised what is required. Also they will not withhold taxes from treaty country residents as long as they have started the process after SS as determined what that is.

Mike

nder · Posted: Sun Jun 21, 2009 1:50 pm

what if my attempt to get an ITIN will take a very long time? I know some people who received ITIN after a couple of months of waiting.

luceluceluce · Joined: 10 Dec 2008 Posts: 2616 Location: Aquafun, Minsk

i think there's no need to worry - if you are from a treaty country - because ss said (17th june)

" We will take into account the time it takes to get the appropriate paperwork completed, and not start withholding (if/when applicable) until then "

mreco · Joined: 12 Mar 2009 Posts: 1155 Location: Hampshire, UK

ok, so maybe im being thick here, can i request payment now and have no worries about this 30% thing? ive done nothing towards anything regarding any forms.

luceluceluce · Joined: 10 Dec 2008 Posts: 2616 Location: Aquafun, Minsk

i think you need to wait for the next payout, im not sure if they give it early - but it seems as if they're not withholding June's payout. So you can safely get your next payout i think... ?

omg i relate way better to a muppet than a tiny guy pulling a hamster in a box... im so happy you changed your pic mreco.

mackin43 · Site Admin Joined: 20 Mar 2008 Posts: 427

mreco,

If you indeed live in the UK, there is a 0% withholding. If you submit the IRS requirements, we will not withhold at all. If you have not taken any action as of yet, that is fine. You will have the opportunity to do so and we will not withhold.

As to your other question, the answer is no - we do not alter the payout schedule.

Thanks,

-jm

sppepper · Posted: Mon Jun 22, 2009 8:59 am