07-19-2011 01:26 PM
We had a discussion about this recently. Peter posted the following:
PS Thanks for the PM. Sent you one back.
Does Lulu withhold taxes on sales in ALL territories? I have a book in both US & UK/Aus/NZ versions. I assume because Lulu is a US company, tax is deducted at source - ie, by the IRS man? GRRRRRRRRRRRRRRR! Norman
It depends. If you use a Lulu ISBN then tax is deducted. Incidentally 30% deems outrageously high since we don't get any of the benefits of the US state.
If you are a Foreign entity (What is a Foreign Entity?):
07-19-2011 03:07 PM
So at the end of the year I shouldn't have to pay taxes on my royalties right? I like the idea of paying my taxes on my royalties at the time of the sale, it keeps me honest lol.