If you earn income on impact.com, impact.com doesn't withhold tax from your earnings. Instead, you as a partner may need to submit an electronic tax document to comply with US tax law.
Important! If you're based in the US or you partner with US brands, you won't be able to withdraw and receive any payouts from your account until you submit the correct tax form to impact.com.
As a partner based in the United States or working with brands based in the United States, you're required to submit a form to impact.com. Only partners based outside the United States (individuals and entities) partnering exclusively with brands based outside of the United States will not need to submit these tax documents.
impact.com requires you to submit one of the following tax forms electronically. See Submit your electronic tax document for further guidance.
Form type | Persona | Registered Location | Description |
|---|---|---|---|
All | U.S.-based | For all partners based in the United States (individuals and entities). | |
Individuals | Non-U.S.-based | For non-U.S.-based individuals partnered with brands based in the United States (i.e., you're operating by yourself and not as an entity in your country). | |
Entities | Non-U.S.-based | For non-U.S.-based entities partnered with brands based in the United States (i.e., you're operating as an organization or company in your country). | |
Individuals or entities | Non-U.S.-based | For non-U.S.-based individuals or entities receiving U.S.-sourced income, connected to U.S. trade or business. | |
Non-U.S. governments or tax-exempt entities | Non-U.S.-based governments/entities | For non-U.S. governments or other tax-exempt entities to certify they are the beneficiary or financial account holder. | |
Non-U.S. third-party entities | Non-U.S.-based entities | For non-U.S. entities that are the intermediary or flow-through entity receiving payments on behalf of another. |
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To avoid unnecessary payment holds, bear in mind the following when filling out your W-8 and W-9 tax form information:
If your permanent residence address is located in a country with which the U.S. has a tax treaty, be sure to make a treaty claim.
If you make a treaty claim, be sure to provide a U.S. or Foreign Taxpayer Identification Number (TIN).
If you are submitting a Form W-8 as a non-U.S. person, make sure you don't state that you're a U.S. person and/or provide information associated with a corporation or residence in the U.S.
Be sure to submit the appropriate form type and provide the required accompanying information or certifications.
The information on your tax form should match the information you provided during onboarding.
We at impact.com cannot provide tax advice. If you have any questions on what tax form you should submit or how to correctly complete your tax form, please consult your tax advisor.