Payouts to our international community of influencers are growing, so it’s time to talk about taxes. Boo. Hiss. Our CPAs looked into the rules and confirmed: payouts to international influencers are subject to United States taxes.
Quirky must withhold a percentage of your payout based on the applicable tax treaty, if any, between our countries. Percentages withheld under tax treaties will generally range between 5-15% and are submitted directly to the Internal Revenue Service. Please note, if no treaty exists between the United States and your nation, Quirky must withhold 30% of the payout amount for payment to the Internal Revenue Service.
So, here’s how it’s going to go down. If you’re the lucky first person in your entire country to receive a Quirky payout, you’ll need to give us a week or two to figure out if a treaty exists. You can help us by shooting us an email if you know you’ll be the first in your country to request a payout. We’ll do our best to get a head start on the research.
