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What is the W-8BEN and what is its purpose?

Explore the purpose of the W-8BEN form in determining taxation for foreign persons in the U.S. Also learn about its validity period and where to seek additional information
Andrew Sidorkin
Updated 4 months ago

Purpose of the form lies in establishing status for chapter 3 purposes. Foreign persons are subject to U.S. tax at a 30% rate on income they receive from U.S. different sources.

You must give Form W-8BEN to the withholding agent or payer if you are a nonresident alien who is the beneficial owner of an amount subject to withholding, or if you are an account holder of an FFI documenting yourself as a nonresident alien. 

Generally, a Form W-8BEN will remain in effect for purposes of establishing foreign status for a period starting on the date the form is signed and ending on the last day of the third succeeding calendar year, unless a change in circumstances makes any information on the form incorrect.

More information on W-8BEN can be found on the IRS page here.

Please contact us directly to whenever the form in question is required.

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