Give Form W-8BEN to the person requesting it before the payment is made to you, credited to your account, or allocated . If you do not provide this form, the withholding agent may have to withhold at the 30% rate (under chapters 3 and 4), backup withholding rate, or the rate applicable under section 1446.
Read moreWhat is W-8BEN?
The W-8BEN is an IRS mandated form to collect correct Nonresident Alien (NRA) taxpayer information for individuals for reporting purposes and to document their status for tax reporting purpose .
Read moreHow do I fill out a W-8BEN?
How Do I Fill Out Form W-8BEN?
Read moreWhat is Form W8 for?
W-8 forms are Internal Revenue Service (IRS) forms that foreign individuals and businesses must file to verify their country of residence for tax purposes, certifying that they qualify for a lower rate of tax withholding .
Read moreWhat is W8 certificate?
Form W-8BEN is a “Certificate of Foreign Status of Beneficial Owner for U.S. Tax Withholding and Reporting ”. It is for individual use and not for business entities. Generally, a current W-8BEN form will be in effect till 31st December, three years after the date of signing.
Read more