Where can I get a W8 form?
Form W-8BEN is available on the IRS website.
Who needs to fill out a W-8BEN?
The W-8BEN-E is a form from the United State’s tax collection agency, the Internal Revenue Service (IRS). All foreign (non-U.S.) businesses that are receiving payment from an American company must fill out the W-8BEN-E form.
What is a W8 Bene?
Form W8-BEN, Certificate of Foreign Status of Beneficial Owner for U.S. Tax Withholding, is used by a foreign person to establish both foreign status and beneficial ownership, and to claim income tax treaty benefits with respect to income other than compensation for personal services.
Should I fill out a w8ben form?
Form W-8BEN is a document that you must complete if you want to invest in US (United States) stocks and shares through any Account with Alliance Trust Savings (ATS). If you do make a mistake, you will need to complete a new form.
Why do we need W8?
Why Does the IRS Require Form W-8BEN? The Internal Revenue Service requires W-8BEN because foreign individuals are normally subject to a 30% tax withholding, but they may qualify for a reduced rate of taxation. W-8BEN helps to establish this eligibility, although other factors also play a role, such as type of income.
What is the difference between W8 and W9 forms?
The difference between W-8 and W-9 forms lies in the fact that the W-9 tax form is only required to be used by companies or associations that are created, organized and primarily in the US, operating under United States’ laws.
How long is w8ben valid for?
Expiration of Form W-8BEN-E. Generally, a Form W-8BEN-E will remain valid for purposes of both chapters 3 and 4 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.
Does a Canadian company need to fill out a W8?
If you’re a Canadian business with a customer in the US you may have been asked to fill out a W8-BEN-E form. For example, when paying a vendor outside of the country, at times the customer is required to withhold a percentage of the fee and remit it to the tax authorities.
How does a Canadian fill out a W-8BEN form?
How to Fill Out and Read Form W-8BEN
- Line 1: Provide your name or your business name.
- Line 2: Provide your country of citizenship.
- Line 3: Enter your permanent residence address.
- Line 5: Enter your U.S. tax identification number.
- Line 6: Enter your foreign tax identifying number.
How do I fill out a W8 form?
How Do I Fill Out Form W-8BEN?
- Line 1: Enter your name.
- Line 2: Enter your citizenship.
- Line 3: Enter your mailing address.
- Line 5: Enter your U.S. taxpayer identification number.
- Line 6: Enter your foreign tax identifying number.
- Line 8: Enter your date of birth.
How does a Canadian fill out a W 8BEN form?