Steamworks Developer Tax Form Signing

Mar 28, 2023#记录44

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This post is translated from Chinese into English through AI.View Original

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Steamwork users need to fill out tax information and sign the W8 form. By providing their Chinese taxpayer ID number (ID card number), they will only be taxed at 10%. If they choose not to provide this number, they will be taxed at 30%. Regardless of the tax rate, they will receive a 1042-S tax form the following March. Those taxed at 10% can only file taxes, while those taxed at 30% can file taxes and request refunds. After receiving the tax form, they must download and fill out the W7 and 1040NR forms from the IRS website, then mail them along with the 1042-S form and passport to apply for tax filing or refunds. This process will also generate a new ITIN (Individual Taxpayer Identification Number) for first-time applicants.

Record the process of filling out tax information and signing the W8 form on Steamwork. Due to the China-US tax agreement, only 10% tax is levied if the Chinese taxpayer number (ID number) is filled out. If the Chinese taxpayer number is not filled out and "no taxpayer number" is selected, a 30% tax will be charged.

Whether it is a 10% or 30% tax, you will receive a 1042-S tax form in March of the following year. The difference is that the 10% tax form can only be used for tax reporting, while the 30% tax form can be used for both tax reporting and tax refund.

After receiving the tax form, go to the official website of the US Internal Revenue Service to download and print the W7 and 1040NR forms, fill them out, and then send the W7, 1040NR, 1042S forms, and a copy of your passport to the US Internal Revenue Service to apply for tax reporting or tax refund. For first-time applicants, a new ITIN (Individual Taxpayer Identification Number) will be generated for you.

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