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
