Why did i receive a W8-BEN form from my bank?
What is W8-BEN form? W8-BEN form is a Certificate of Foreign Status of foreign Beneficial Owner for Unite States Tax Withholding. This form is completed by NRAs or Non- Resident Aliens. Foreign persons are subject at a 30% rate on income received from U.S. sources that consists of:
- Interest (including certain original issue discount (OID);
- Dividends;
- Royalties;
- Premiums;
- Annuities;
- Compensation for, or in expectation of, service performed;
- Substitute for, or in expectation of, services performed;
- Other fixed or determinable annual or periodic gains, profits or income
Some of the detailed information regarding this form can also be viewed at www.irs.gov
Acknowledgement: www. irs.gov - Department of Treasury Internal Revenue Service
Categories:
income tax return,
IRS w8-ben Form,
non-resident alien,
w8-ben form
0 comments:
Post a Comment