4 ms·
The income for the company is $0 because of the expenses, which are payments to overseas suppliers (you). You should pay a small amount to the CEO perhaps. Do
by patrickgzill 17y ago
The income for the company is $0 because of the expenses, which are payments to overseas suppliers (you). You should pay a small amount to the CEO perhaps.
Do not classify them as royalties, since they have required with-holding rules and are a mess to deal with. Far better to classify them as software purchases.
It will matter which country you are in, look up the tax treaty between the US and your country, if they have one.
IANAL, YMMV, etc.