Your completed form will be submitted for processing. When your W-8 is approved, the Status Centre will show the status “Completed”. It may take 5 business days to process your W-8.

Who should fill W8 Ben?

Form W-8BEN (“Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting”) must be submitted by foreign persons who receive certain types of income in the United States.

What is the purpose of a W8-Ben form?

The purpose of the W8-BEN is to: Establish that someone is a foreign person (certificate of foreign status). It is used at audit time to support a 30% tax rate. Claim that an NRA is the beneficial owner of the income for which Form W-8BEN is being provided.

What do I need to fill out W8 Ben?

In order to streamline the processing of your tax information, please download IRS Form W8-BEN. In Part I of the form fill in your full name, street address (and, if different, full mailing address), and country you live in (items 1-4).

What happens if I fill out the wrong W-8BEN form?

If, somehow, the information on the W-8BEN form ended up being incorrect, then the applicant will have to fill and submit another W-8BEN form within the next 30 days. The applicants can fill out the form using only black or blue ink. Use of correction fluid or any other form of correctors will get the form rejected at once.

When to submit Form W-8 Ben, Certificate of foreign status?

Give Form W-8 BEN to the withholding agent or payer if you are a foreign person and you are the beneficial owner of an amount subject to withholding. Submit Form W-8 BEN when requested by the withholding agent or payer whether or not you are claiming a reduced rate of, or exemption from, withholding.

When to use form W-8BEN for Chapter 4?

Establishing status for chapter 4 purposes. A foreign financial institution (FFI) may rely on a properly completed Form W-8BEN to establish your chapter 4 status as a foreign person. The Form W-8BEN should be provided to the FFI when requested.