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Aussie Kindle Authors could you help me

by downunder57
9 replies
Hi,
Like a lot of others, I'm thinking to publish on Kindle.
But I don't understand their withholding tax rules
and how I could make a profit if my percentage is only 35%.
I understand they withhold 30% in US

I would assume I still need to pay 30% biz tax here in Oz, also.

I'm really confused, so need some help to understand all the implications
to publish on kindle if I am an Aussie.

Would appreciate some advice here or you can PM me.

Thanks
Carl
#aussie #authors #kindle
  • Profile picture of the author Toby Couchman
    Have you tried contacting Amazon?


    Just a thought
    TC
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    • Profile picture of the author downunder57
      Yes of course I have, but doesn't help me much.
      I would like to hear from others that have already been
      through the process and how they got started.
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  • Profile picture of the author colinph970
    I'm in UK but similar if not same rules.
    If you price your ebook between $2.99 and $9.99 then your royalty is 70% and Amazon.com keep 30%. They automatically withold 30% tax unless your country has a tax treaty with the US and then you need to get an ITIN or EIN (basically a tax number) from the tax authorities in the US. Once you have this then you supply it to Amazon.com on form W8-BEN and they then withold at the rate set in the tax treaty. In the case of the UK this is 0%, but its normally pretty low for most countries.
    You will, of course, be subject to tax in your own country at the prevailing rate.
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    • Profile picture of the author downunder57
      Thanks for that info but I hope someone from OZ
      could clarify that to be similar but I need to be sure.
      I don't know if we have a tax treaty with the US and it
      may be different to the UK.
      Also, what royalty percentage is applicable to us Aussies
      70% or 35%.
      I'm sure some aussie publishers could let me know.
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      • Profile picture of the author Toby Couchman
        Originally Posted by downunder57 View Post

        Thanks for that info but I hope someone from OZ
        could clarify that to be similar but I need to be sure.
        I don't know if we have a tax treaty with the US and it
        may be different to the UK.
        Also, what royalty percentage is applicable to us Aussies
        70% or 35%.
        I'm sure some aussie publishers could let me know.
        I'm also about to start selling through kindle. I'll let you know what I find out as I'm interested in the answer also.

        Cheers
        TC

        PS: Wasn't meaning to sound harsh before. Was just wondering what the response from amazon was. Stay in touch.
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        • Profile picture of the author downunder57
          Originally Posted by Toby Couchman View Post

          I'm also about to start selling through kindle. I'll let you know what I find out as I'm interested in the answer also.

          Cheers
          TC

          PS: Wasn't meaning to sound harsh before. Was just wondering what the response from amazon was. Stay in touch.
          Would be great if you could PM me as you go through the process, Thanks.

          And no, I don't think you sounded harsh, at all. Smile
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  • Profile picture of the author BrianTerr
    All of the tax information is on the Amazon website.

    Amazon.com Help: IRS Reporting Regulations on Third-Party Payment Transactions

    Royalty percentage depends on what your sell price is, and to what country you sell the book to, your end of month reports will tell you, but sales to non US territories will pay 35% and sales to US territories will pay 70% if your book is priced at $2.99-$9.99.

    Sales to EU territories through the Amazon EU websites will pay 70%

    Where abouts in QLD are you?
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    • Profile picture of the author downunder57
      Originally Posted by BrianTerr View Post

      All of the tax information is on the Amazon website.

      Amazon.com Help: IRS Reporting Regulations on Third-Party Payment Transactions

      Royalty percentage depends on what your sell price is, and to what country you sell the book to, your end of month reports will tell you, but sales to non US territories will pay 35% and sales to US territories will pay 70% if your book is priced at $2.99-$9.99.

      Sales to EU territories through the Amazon EU websites will pay 70%

      Where abouts in QLD are you?
      Strathpine, just north of Brissie
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      • Profile picture of the author BrianTerr
        Originally Posted by downunder57 View Post

        Strathpine, just north of Brissie
        We should get together for a yarn about this Kindle stuff, I'm at Boondall.
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