My tax residency is outside Italy, can the withholding tax rate on payments be reduced? How? Follow
Yes, that's possible.
Withholding tax for Authors
If your tax residency is outside Italy, the withholding tax rate accounts for 30% on the total royalties amount. The withholding tax rate applied can be reduced by uploading your tax residency certificate in your Soundreef account.
Withholding tax for Publishers
If the tax residency of your company is outside Italy, no VAT will be calculated, but a 30% withholding tax will be applied on the total royalties amount. In this case as well, by uploading your tax residency certificate in your Soundreef account, the withholding tax rate can be reduced.
How to upload your tax residency certificate:
• Login to the desktop version of your account
• Click on your account name at the top-right corner, then click on Payment Information
• Upload the certificate in the allowed formats in the Tax Profile tab