I have fistful of questions about taxation
Dear Mr Bunny,
as a polish citizen I'll be must fill W-8 BEN form, but I can't find information about percent rate of taxation - can I ask you to tell me about it?
If I haven't individual authorized sign, should I print->sign by manual->scan or legally is sign in pdf or docx using computer?
After all should I send document via e-mail or using account to bunny.inc or mandatory to special USA's station?
Sincery,
Davidian
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Hello,
I still wait for reply
Hi Davidian!
I'm sorry for taking some time to reply here. I'm waiting to get some clarification from our legal and finance departments so the response I provided is as accurate and complete as possible.
If you can give me around 1 week, I would appreciate it!
Hi Angela,
no problem - I can wait around 1 week.
Hi Davidian
I apologize for the delay in getting back to you here.
You will only be required to file a W8-BEN with us if you request your withdrawal via bank wire. However, if you decide to use Payoneer or PayPal, this will not be issued by us as taxes via these platforms work differently. You can confirm with them directly how you would be able to report your taxes when withdrawing funds via them.
To send over this form, you would need to scan it, sign it, and send it over to the email address finance@bunnyinc.com. No need to send it to a physical address.
Now, keep in mind that we're not taxation experts for which we wouldn't be able to discuss taxation rate.
Hi Angela,
thank you for the answer.
I'll choose Payoneer, because they don't take provision for withdraw.
Hello Angela,
I can't find strictly answer about taxation on Payoneer's pages.
They suggest contact with my Payoneer mass payout company (Bunny.inc in this example) for more information, so I do that.
"Payoneer strictly adheres to all online payment regulations, and should a Payoneer Account holder be eligible/required to receive tax forms from Payoneer, we contact the account holder with additional information. We also recommend that you check with your Payoneer mass payout company for further information".
Hi Davidian
As I mentioned, we don't issue W8-BEN for withdrawals via Payoneer. They mention in that same paragraph that should you be eligible for a tax form, they will handle all the process and formatting. If the time comes and it's necessary, they would be handling the process.
Hi Angela,
after looong conversation with Payoneer, I decided to choose wire transfers.
US$25 flat transaction fee is only extra payment for this transaction? No currency exchange payment or sth similar?
I want to know, how huge is taxation rate, if I choose W8-BEN form.
Hi David
As mentioned, we don't provide taxing assistance. The W8-BEN form is just a regulatory measure we have as an American registered company to ensure you will report your income to your country's taxing system.
About the transaction, yes. We will only charge $25 for the transaction regardless of the amount you withdraw. The only thing to keep in mind is that you need to withdraw at least $50 for it to be available. We will send the money in dollars but some countries exchange money for their local currency. This is not from our side, but would be important for you to check with your bank if you can get the wire in dollars or if they'd automatically do that.
Hi Angela,
thank you for the answer.