MiriCanvas DesignHub processes the payment after deducting taxes, based on the information
provided below. If you are a resident outside of Korea, the following tax rate will be applied.
For Resident of country except the republic of Korea
- Withholding tax rate 22% will be deducted from your unpaid earnings.
- If you submit the required documents for applying the limited withholding tax rate, the limited withholding tax rate will be applied.
- The following is the required documents for limited W/T rate
- Copy of passport or copy of business registration certificate
- Residency certificate issued by the government officially
- Application for limited withholding tax rate
- You can submit the above documents in the link.
- The limited W/T rate will be varied according to the tax treaty between your residence country and the Republic of Korea
- The following is the required documents for limited W/T rate
For Resident of the Republic of Korea
- Individual type contributor
- If you don't have business registration number, your royalty will be applied 3.3% withholding tax rate.
- Corporate type contributor
- Your royalty will be paid with the amount of VAT which is 10% from the royalty. To receive the royalty as "Corporate" type of contributor, you are required to submit the business registration number and issue the official invoice on National Tax Service of the Republic of Korea.
Please refer to the detailed information about payment in this link.