W8BEN

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The W-8BEN instructions assume you are fluent in US and cross-border tax concepts including tax residency and income classifications. 

When to use W-8BEN

If you receive certain types of income, you must provide Form W-8BEN to: 

• Establish that you are not a U.S. person;

• Claim that you are the beneficial owner of the income for which Form W-8BEN is being provided or a foreign partner in a partnership subject to section 1446(a); and

• If applicable, claim a reduced rate of, or exemption from, withholding as a resident of a foreign country with which the United States has an income tax treaty and who is eligible for treaty benefits.

Don't use W-8BEN if you're a US person or you're reporting the tax status of a legal entity.

Link to the current IRS Form

Link to the W8BEN Instructions

 

FAQ

When do I need to include my (non-US) Tax ID number? 

If you are claiming treaty benefits, you are generally required to provide an ITIN if you do not provide a tax identifying number issued to you by your jurisdiction of tax residence on line 6. However, an ITIN is not required to claim treaty benefits relating to:

• Dividends and interest from stocks and debt obligations that are actively traded;

• Dividends from any redeemable security issued by an investment company registered under the Investment Company Act of 1940 (mutual fund);

• Dividends, interest, or royalties from units of beneficial interest in a unit investment trust that are (or were upon issuance) publicly offered and are registered with the SEC under the Securities Act of 1933; and

• Income related to loans of any of the above securities.

 

 

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