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#101Form W-8BEN
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When opening bank accounts, participants are normally asked to fill out Form W-8BEN. Form W-8BEN is an IRS form used by individual Nonresident Aliens (NRAs) to report information to withholding agents (e.g., banks) for tax purposes. This document consists of populated data. Generate the PDF via the participant’s online panel to show individualized information.
Form W-8BEN is titled Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)
How to submit?
Form W-8BEN

Opening bank accounts

NRA individuals that may be subject to 30% withholding of US federal taxes on US-source income need to fill out Form W-8BEN before they receive their first payment, even if they can claim an exemption from withholding.

Step 1 Complete the form when opening bank accounts
Stpe 2 Submit it to the bank when opening bank accounts
Step 3 Upload a filled form or click the lock icon above upload button #101 (participant)

Not opening bank accounts

If eligible yet not claiming or if not eligible to claim such benefits, click the lock icon to acknowledge completion of the process.

Step 1 Click the lock icon above upload button #101 (participant)

What to note?

1 For interest, dividends, rents, etc., NRAs are taxed at 30%.
2 This tax is imposed on the gross amount paid and is generally collected by withholding.
3 Do not send Form W-8BEN to the IRS or file it with a tax return.
4 Remain valid for at least three calendar years
www.fusia.net/w8ben
Resources
Related topicsPost-Arrival ChecklistUS Income Tax 1US Income Tax 2Form W-8BEN (PDF)Form W-8BEN (Instructions)Nonresident Alien Figuring Your Tax