@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, $2 for bank fee. Time for tax now.
I start developing for samsung since they announced bada OS. Alway received profit by the end of month.
Payment in the US had 20% taken out even though I filled out the forms asking for 0% to be taken out. It will go into taxes one way or another. I hope they plan to send us some tax statement for our records.
From India. Received a message from Bank on 29th oct saying they had put the transfer on hold citing the reason that there was no clear mention about the purpose of the foreign inward remittance.Walked into the bank office and wrote an application to branch manager along with a copy of the invoice,payment cleared today,seems like the full amount 2000$, we need to pay tax personally
29 comments
RAVI VAGADIA • over 11 years ago
not yet
Mac Morrison • over 11 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 11 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 11 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 11 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 11 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 11 years ago
I've received the money
Aneesh M • over 11 years ago
when did u get your money ?
Oleksii Flomboim • over 11 years ago
Bank account. Just now.
Oleksii Flomboim • over 11 years ago
2k
Jared Freedman • over 11 years ago
Still nothing here. USA based company.
Aneesh M • over 11 years ago
any body got prize money ? did they give ?
Dinh Nho Hiep • over 11 years ago
Nothing here. Viet Nam.
Aneesh M • over 11 years ago
will they give ? i sent mail to Samsung but no response
Steven Anderson • over 11 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 11 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 11 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 11 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 11 years ago
Recieved my share, full amount, I have to pay taxes now :/
Leif Persson • over 11 years ago
I also received the round one prize money, full amount. I'm in sweden.
Dinh Nho Hiep • over 11 years ago
I received. $1998, $2 for bank fee. Time for tax now.
I start developing for samsung since they announced bada OS. Alway received profit by the end of month.
Leonid Tsarev • over 11 years ago
Got prize too, full amount. But app sales paiment for september did not come yet (usually it came on 26-27 day of month). This is making me worried.
Nathan Mellor • over 11 years ago
Payment in the US had 20% taken out even though I filled out the forms asking for 0% to be taken out. It will go into taxes one way or another. I hope they plan to send us some tax statement for our records.
Shubhra Pasayat • over 11 years ago
From India. Received a message from Bank on 29th oct saying they had put the transfer on hold citing the reason that there was no clear mention about the purpose of the foreign inward remittance.Walked into the bank office and wrote an application to branch manager along with a copy of the invoice,payment cleared today,seems like the full amount 2000$, we need to pay tax personally
Leonid Tsarev • over 11 years ago
Maybe its bank fee. My bank fee was $7, so i had 2 lines:
+full amount
-$7