Tax Information Submission
To ensure timely processing of your premium newsletter payouts, it is essential to submit your tax information. This submission is a critical step in complying with regulatory requirements and helps facilitate your earnings effectively.
You will need to provide your tax identification number, residence status, and any other pertinent details that may affect the withholding tax applicable to your payouts. Ensure that the information is accurate to avoid any delays.
To submit your tax information, please visit this link. Once completed, our team will review your submission and confirm its approval.
Understanding Withholding Tax
Withholding tax, is a tax that is deducted at the source of income before it is paid to the recipient.
In Japan, this tax applies to various forms of income, including earnings from premium newsletters. The primary purpose of this tax is to ensure that the government receives tax revenue directly when individuals and businesses receive their earnings.
The withholding tax rate varies based on the residency status of the recipient. Japanese residents face a tax rate of 10.21%, while non-Japanese residents are subject to a rate of 20.42%.
Tax Conventions for Non-Japanese Residents
Tax conventions are agreements between countries designed to avoid double taxation and prevent tax evasion on cross-border income.
Many countries have signed tax treaties with Japan that allow for reduced tax rates on various types of income. You may consult local tax authorities or a tax professional for more details, or navigate these links
- English: https://www.mof.go.jp/english/policy/tax_policy/tax_conventions/tax_convetion_list_en.html
- Japanese: https://www.mof.go.jp/tax_policy/summary/international/tax_convention/tax_convetion_list_jp.html
For example, for Chinese residents, according to "this agreement of Japan and China":
Where a resident of the People's Republic of China derives income from Japan, the amount of Japanese tax payable in respect of that income in accordance with the provisions of this Agreement shall be allowed as a credit against the Chinese tax imposed on that resident.
The amount of credit, however, shall not exceed the amount of the Chinese tax computed as appropriate to that income in accordance with the taxation laws and regulations of the People's Republic of China.
Action Required: Submission Link
To ensure the timely processing of your payouts, it is essential to submit your tax information promptly.
Please visit the following link to access the submission form: https://quail.ink/dashboard/profile/payout.
Once you have completed the submission, our team will review your information. You will receive a confirmation email once your tax details are approved. If you have any questions or need assistance during the submission, feel free to reach out to our support team.
