The Tax information interview screens have changed in the KDP account screen.
As you might have observed, filling this information is critical to get paid, or else Amazon wouldn't
bother to pay you your royalties.
Let's go over the interview now to see how that can be filled in your KDP account.
Once you are inside your KDP Account, click on this link that has your name and Account.
Click on Tax information on the left side.
Since I have already updated this section, I have this button.
If you are new here, then you will see a differently named button - either case, we will just have
one button inside this section, so just click on it to have your tax information updated.
Now, click on this yellow button that says Take Interview.
Remember to do this in one-sitting - because it won't take much time to complete if you
have all your details ready at hand.
And it also is just a short interview that got further simplified recently.
Select your Language here - I am not sure if I made this selection, or if Eng was by
default - but if you want to fill this information in any other language, select this drop-down.
So, if you are an individual author simply writing and publishing through kdp on your
own, click on individual.
Or if you are an established registered business, click on business -the difference being you
have to select the beneficiary when you select the Business option.
You can also select Individual, if you are a Sole Proprietor or a Single-Member LLC where
you are the only owner and is therefore an "individual".
Next, select if you are a U.S. person for U.S. tax purposes.
In my case it's no.
Sometimes, there could be chances that you have visited U.S. recently or in the last
few years - so there could be a chance that you might be a U.S. person for U.S. tax purposes
EVEN IF you are not a U.S. resident by law or by citizenship status.
To find about your correct status, simply check this Substantial Presence Test and validate
your status yourself.
There are some examples to help you understand this better.
Link to this is provided in the video description.
Next, if you are an agent on behalf of another person who is an author, select yes.
If you are the copyright owner of your works, then choose No.
On the other hand, if you are a publishing company helping other authors to publish,
see this help text for more details.
That completes the About You section.
Next is your Tax Identity Information section.
Input your complete name, country of citizenship, permanent and mailing address.
Next, input your Tax identification number, for individuals your PAN number would suffice.
Entering this information will be helpful to reduce your withholding rate from 30% to
15% (for Indian authors) - and for some other countries this 30% can be fully reduced.
Additionally, if you can obtain a valid EIN or ITIN, that can further help in reducing
the tax rate completely.
I have not done this, so please consult this blog article from Kindlepreneur which can
help you in that direction.
Once done, click on Continue to the 'Claim of Tax Treaty Benefits' section.
This is where we choose our Country of Tax Residence which matches with the list of countries
that has an active Double Taxation treaty with the United States.
If your country qualifies, it will be shown here in green colored text immediately below
the drop-down button.Click on Confirm button to move on to the 'Sign and Submit' section.
Do a thorough validation, and Check the box to consent for electronic signature so you
could submit your tax information immediately.
Then type your full name in the Signature form field.
Date shown will be your current date.
Hit Save and Preview.
A completed form will be shown where you could check your details one more time and submit
the form.
This form can be submitted any number of times.
If you still have any changes to make, simply click on 'Make changes' button.
If not, click on Submit form.
That's all about filling your tax information interview screens in your KDP account.
Hope this helped you.
If so, please check out my other related KDP video links and details given here and also
in the video description.
Thanks for watching.