Sage-Tips

What is TIN in KDP?

For self publishing in amazon Kindle you have to make one account. For that you require TIN (tax identification number).

Do you have to pay tax for KDP?

They need to withhold tax on your royalty form KDP. Just fill up the Form W-8 at their website. If you have an Indian PAN, you should mention it where asked for non-US tax identification number. India and US have a tax treaty.

Does KDP collect sales tax?

Royalty payments for sales on the U.S. store are subject to 30\% U.S. tax withholding, including payments from the KDP Select Global Fund. Publishers may be eligible for a reduced rate of U.S. tax withholding if their country of permanent residence has an income tax treaty with the United States.

Is a UTR number the same as a tin number?

The United Kingdom does not issue TINs in a strict sense, but it does have two TIN-like numbers, which are not reported on official documents of identification: 1. The unique taxpayer reference (UTR). The NINO can be quoted as the tax reference number on some official documents from HM Revenue and Customs.

How do I get tax documents from Amazon?

Where do I find my Form 1099-K that Amazon issued for my seller account? You can find the form in your seller account. From the Reports section, select Tax Document Library, then the appropriate year, and then Form 1099-K.

Do you pay tax on Kindle books?

Kindle books are sold to you by the publisher, not by Amazon. So if the publisher is subject to sales tax in your location, Amazon collects it and passes it on to the state. In general, this means that you pay tax if the publisher has a business presence in your state.

What does a TIN number look like?

This number is similar to a SSN in that it is a nine-digit number with the same format: xxx-xx-xxxx. This number is used for tax processing purposes by the IRS, and qualified individuals can apply by filling out Form W-7, IRS Application for Individual Taxpayer Identification Number.

How can I know my TIN number?

Call the BIR hotlines. If the first two methods of retrieving your TIN didn’t work, you’ll need to request it directly from the BIR. Here are the BIR numbers to call for recovering your TIN: Trunkline: 8981-7000 / 8929-7676. Customer Assistance Division: 8981-7003 / 8981-7020 / 8981-7030 / 8981-7040 / 8981-7046.