@macmorrison, not likely. That would mean Samsung would pass up an opportunity for more bureaucracy - and when have you ever known them to do that? ;^)
If you recall, that one piece of paper was an invoice for the amount of the first round prize. And if you win something in the second round, it'll obviously be a different prize amount... so I'd say that sending another invoice is unfortunately - but definitely - going to be required.
I got paid! The amount of $3,120.00 for my two round 1 winning entries ... which is slightly more than 20% taxes but the additional may be my bank fees? Can't see details yet as still shows as "processing".
So it does appear Samsung has started the process of sending out payments...
PHDGaming, I see you are in the USA, where I am as well. . . . and nothing here, not even a 'processing'. By the way, since you are in the USA, there should have been zero tax withheld, due to the language in Article 8 - Paragraph 1 of the USA - South Korea Trade Agreement, which leaves taxes to be collected where the business is located . . in your case, the USA, unless you have a physical presence in South Korea. That they took 'taxes' out shows me all I need to know about Samsung as a company. Now you are going to be double taxed, as you still need to pay USA tax on that revenue. The main purpose of Article 8 of the USA - South Korea Trade Agreement? To prevent double taxation.
@code4mobile - I'm not a tax expert and went by the advice given when I had emailed them to put in "Other - 20%". I don't have a physical presence in South Korea. However, when I won a silver medal at the World Cyber Games in 2008 held in Germany (with the WCG being korean owned), they took out South Korean taxes from when I was paid then. So I just assumed that I couldn't avoid it. This could have been incorrect and an error on my part and your end payment could be different. Suppose I'll find out my options when I get an accountant for tax season.
Sorry your payment isn't showing yet. As someone else posted they got payment on this thread, maybe it is going through in batches to be completed by the end of the month?
I received. $1998, $2 for bank fee. Time for tax now.
I start developing for samsung since they announced bada OS. Alway received profit by the end of month.
40 comments
RAVI VAGADIA • over 4 years ago
not yet
Gerrit kleyn Winkel • over 4 years ago
Not yet, but I read somewere it is planned for October, so that is still possible...
Mac Morrison • over 4 years ago
I'd imagine it will be after the next 40 are announced - so they only have to make one payment to those
Sterling Udell • over 4 years ago
@macmorrison, not likely. That would mean Samsung would pass up an opportunity for more bureaucracy - and when have you ever known them to do that? ;^)
Nathan Mellor • over 4 years ago
Based on @udellenterprisesinc's logic, I fully expect those who win to have to start over with all the paperwork.
Lê Hoàng • over 4 years ago
@NathanWA I really hope that does not happen. The cost is too high, and I have to travel 200km just to send that one paper. Oh god.
Sterling Udell • over 4 years ago
If you recall, that one piece of paper was an invoice for the amount of the first round prize. And if you win something in the second round, it'll obviously be a different prize amount... so I'd say that sending another invoice is unfortunately - but definitely - going to be required.
Oleksii Flomboim • over 4 years ago
I've received the money
Aneesh M • over 4 years ago
when did u get your money ?
Gerrit kleyn Winkel • over 4 years ago
@alexflom Bank account or Paypal?
Oleksii Flomboim • over 4 years ago
Bank account. Just now.
Gerrit kleyn Winkel • over 4 years ago
full amount or tax withhold?
Oleksii Flomboim • over 4 years ago
2k
Jared Freedman • over 4 years ago
Still nothing here. USA based company.
Aneesh M • over 4 years ago
any body got prize money ? did they give ?
Ahmed Ibrahim • over 4 years ago
same here in egypt nothing received yet.
Dinh Nho Hiep • over 4 years ago
Nothing here. Viet Nam.
Aneesh M • over 4 years ago
will they give ? i sent mail to Samsung but no response
Steven Anderson • over 4 years ago
I got paid! The amount of $3,120.00 for my two round 1 winning entries ... which is slightly more than 20% taxes but the additional may be my bank fees? Can't see details yet as still shows as "processing".
So it does appear Samsung has started the process of sending out payments...
Jared Freedman • over 4 years ago
PHDGaming, I see you are in the USA, where I am as well. . . . and nothing here, not even a 'processing'. By the way, since you are in the USA, there should have been zero tax withheld, due to the language in Article 8 - Paragraph 1 of the USA - South Korea Trade Agreement, which leaves taxes to be collected where the business is located . . in your case, the USA, unless you have a physical presence in South Korea. That they took 'taxes' out shows me all I need to know about Samsung as a company. Now you are going to be double taxed, as you still need to pay USA tax on that revenue. The main purpose of Article 8 of the USA - South Korea Trade Agreement? To prevent double taxation.
Steven Anderson • over 4 years ago
@code4mobile - I'm not a tax expert and went by the advice given when I had emailed them to put in "Other - 20%". I don't have a physical presence in South Korea. However, when I won a silver medal at the World Cyber Games in 2008 held in Germany (with the WCG being korean owned), they took out South Korean taxes from when I was paid then. So I just assumed that I couldn't avoid it. This could have been incorrect and an error on my part and your end payment could be different. Suppose I'll find out my options when I get an accountant for tax season.
Sorry your payment isn't showing yet. As someone else posted they got payment on this thread, maybe it is going through in batches to be completed by the end of the month?
George Tanasescu • over 4 years ago
I've received my prize for Round 1 ... Bank, Romania ... So the process of sending payments has started, but I didn't receive any mail.
Paweł Huber • over 4 years ago
Recieved my share, full amount, I have to pay taxes now :/
Leif Persson • over 4 years ago
I also received the round one prize money, full amount. I'm in sweden.
Dinh Nho Hiep • over 4 years ago
I received. $1998, $2 for bank fee. Time for tax now.
I start developing for samsung since they announced bada OS. Alway received profit by the end of month.