Hi @MaheshaK497 The withholding tax rate will depend on the form you submit. Due to the sensitive and personal nature of tax forms, we can't tell you how to complete the form or exactly what to enter. But we can share some general information about this.
Our tax form tool provides instructors with the ability to select from a variety of different tax forms, including:
We also support the ability to submit certain less-common types of forms through our Support Help Center:
Choosing the right form will depend on where you live, whether you’re an individual or entity, and other specifics. Since Udemy is unable to provide tax advice, we recommend that you consult with a tax advisor to ensure you’re using the right form and entering information correctly.
Thank you for your response. May I kindly check. What will Udemy do with the withholding tax? Will it pay the US IRS the tax that is withheld from instructors, especially foreign non-US instructors?
Please advise. Thank you.
Thanks for your reponse, Yes currently its 15 % for me. I was checking if any posibility to reduce it to 0%.
Could you please let me know how can we avail benefits under the double taxation treaty?
Thanks in advance!!
As of now, 15% is the only option however since there is a double taxation treaty, you can reduce your tax since a certain amount of tax was already deducted in the US.
To avail benefits under the Double taxation treaty, you need to collect the 1042-S form that Udemy sends to instructors and give it to a CA. Not all CA's are familiar with this, so you might have to look for a consultant.