Due to the recent change to the tax code, Lulu must update the tax rate at which we withhold taxes on US residents’ royalties who don’t have a W-9 on file.
The rate is changing from 28% to 24%.
Today’s payment reflects the new rate. However, while we implement this change, we are unable to post payments to the Lulu accounts whose rate should be 24%. Our team is working as diligently as possible to finish this task so we can post the payment information to your account.
We sincerely apologize for the inconvenience this may cause you.