Tax Information & Tax Withholding Setup for a KDP Account for an Indian LLP firm.
Budget: ₹1,500 – ₹12,500 INR
I have a Limited Liability Partnership (LLP) registered in India. It is a Publishing company. I have created a Kindle Direct Publishing Account and am seeking guidance in completing the "Tax Information" of the account setup process.
Following are the specific questions that I would like clarity on:
1. Are you a Hybrid Entity that derives the income for which the treaty benefits are to be claimed?
Yes or No
Note: I want to take advantage of the treaty benefits as that could reduce the Withholding tax from 30% to 15%.
2. Claim of Tax Treaty Benefits provides a dropdown to choose from the below options if Hybrid is selected as Yes
Limitation on Benefits (LOB)
a. Government
b. Publicly Traded Corporation
c. Subsidiary of a publicly traded corporation
d. Company that meets the ownership and base erosion test
e. Company that meets the derivative benefits test
f. Company with an item of income that meets active trade or business test
g. Favorable discretionary determination by the US competent authority received
If Hybrid Entity is selected "No" It says you are expected to fill IRS form W-8IMY
Long story short, I need someone to walk me through the Tax Information setup on KDP.
Also, I need help with filling up form W-8IMY.
I am willing to get on a Zoom or Gmeet to show you all the information that KDP is asking from the backend.
Following are the specific questions that I would like clarity on:
1. Are you a Hybrid Entity that derives the income for which the treaty benefits are to be claimed?
Yes or No
Note: I want to take advantage of the treaty benefits as that could reduce the Withholding tax from 30% to 15%.
2. Claim of Tax Treaty Benefits provides a dropdown to choose from the below options if Hybrid is selected as Yes
Limitation on Benefits (LOB)
a. Government
b. Publicly Traded Corporation
c. Subsidiary of a publicly traded corporation
d. Company that meets the ownership and base erosion test
e. Company that meets the derivative benefits test
f. Company with an item of income that meets active trade or business test
g. Favorable discretionary determination by the US competent authority received
If Hybrid Entity is selected "No" It says you are expected to fill IRS form W-8IMY
Long story short, I need someone to walk me through the Tax Information setup on KDP.
Also, I need help with filling up form W-8IMY.
I am willing to get on a Zoom or Gmeet to show you all the information that KDP is asking from the backend.