Taxes and your iPhone app income
Posted on 27 January, 2009 by Jimmy Liew
The Mac Daddies at Ecamm Network has a good tip for iPhone app developers with regards to their earnings: If you have not done so, go fill in a 12 page Japanese tax exemption form as the Japanese tax authorities will withhold 20% of your earnings unless the forms are received.
They discovered about this after constantly finding around 20% of their earnings missing from sales of their app in the Japanese App Store. When they wrote to Apple, this was what they received:
“There is a 20% withholding tax in Japan until the Japanese tax authorities have accepted your tax exemption forms. This can take 90 days or longer. … They were required at the contract setup time in iTunes Connect. If you haven’t completed these and sent them in, you must or you should not have been paid.”
So for Singaporean iPhone developers out there, do spend some time during this Chinese New Year break and fill up all these tax forms to get all your income. (via Daring Fireball)
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