Search results
Provide Form W-8BEN to the withholding agent or payer before income is paid or credited to you. Failure to provide a Form W-8BEN when requested may lead to withholding at the foreign-person withholding rate of 30% or the backup withholding rate under section 3406.
- IRS.gov Fatca
The Foreign Account Tax Compliance Act (FATCA), which was...
- IRS.gov Form8833
Information about Form 8833, Treaty-Based Return Position...
- IRS.gov FormW8BEN
Information about Form W-8 BEN, Certificate of Status of...
- Tax Treaties
Overview. The United States has income tax treaties with a...
- IRS.gov Fatca
21 sie 2023 · Information about Form W-8 BEN, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities), including recent updates, related forms and instructions on how to file. Submit Form W-8 BEN when requested by the withholding agent or payer.
Form W-8BEN (Rev. October 2021) Department of the Treasury Internal Revenue Service Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals) For use by individuals. Entities must use Form W-8BEN-E. Go to www.irs.gov/FormW8BEN for instructions and the latest information.
The W-8BEN form is a legal document required by the US tax authorities and is used to declare an individual’s tax status to the Internal Revenue Service (IRS). It’s only required for non-US residents and by completing the form, you may be able to claim a reduced rate of withholding tax.
This form allows you to claim a reduced rate of withholding tax under an income tax treaty between your home country and the United States. Whether you’re a student, freelancer, or investor, here’s a step-by-step guide to filling out Form W-8BEN.
To assure that your company is in compliance, you must request a filled Form W8-BEN from a foreign contractor. The W-8BEN is used to prove that your contractor is a foreign person who, if eligible, can seek a reduced rate or exemption from income tax withholding as a resident of another nation.
Understanding the W-8BEN form is crucial for foreign businesses hoping to hire foreign employees as it enables them to help employees claim tax treaty benefits, avoid excessive withholding taxes, and ensure compliance with U.S. tax regulations.
