Tax forms W-8BEN and W-9 are submitted electronically and validated automatically. If all the required fields are completed accurately, the form is instantly approved, and you will see the date and status reflected at the top of the Tax Center page. If additional information is required to complete the review, this status be displayed at the top of the Tax Center page along with submission instructions. Your tax status will be “pending” until we receive and review the additional documentation.
Our tax experts review all other tax forms that require manual submission within ten business days. We will email you with confirmation of approval or with a request for additional information, and your status will also be updated at the top of the Tax Center page.
Without an approved W-8 BEN on file, your U.S. source earnings will be subject to 30% withholding as per U.S. government regulations. If this occurs, Shutterstock cannot refund you because the withheld amount must be directed to the Internal Revenue Service (IRS).
Please note that any lower tax rate that is implemented after a W-8BEN is approved will be applied to your earnings as soon as the form is accepted.t It cannot be applied retroactively to previous earnings. If you were entitled to a lower or zero rate of tax, you will need to file a United States tax return to reclaim the amount difference.
Shutterstock cannot issue payments on any contributor account without an approved tax form on file. Accrued earnings will accumulate until an applicable tax form has been submitted and approved.
How do I know if my submitted tax form was reviewed?
Your tax form status is always visible in the Tax Center page of your account