Understanding withholding tax — a guide for topo authors

What is withholding tax?

Withholding tax (WHT) is a tax that 27 Crags is required to deduct from your topo earnings and remit to the government. As 27 Crags is registered in Finland, this tax is paid to the Finnish government.

The rate varies depending on the tax treaty between Finland and your country. See the chart at the end of this article for a breakdown by country.

Why your topo payments are treated as royalties

Payments for your topos are classified as royalties. As the creator of the topo material, you receive a royalty each time it is accessed by climbers — similar to how a book author earns royalties based on book sales.

What you need to do

Withholding tax is automatically deducted before your payment is sent — you don't need to take any action for this.

However, you are also responsible for paying any personal taxes on your topo earnings according to the laws of your country. If you have questions about your personal tax situation, consult your local tax authorities or a legal professional.