Contact sales Request a demo Request a demo

Form W-8BEN

The W8-BEN Form is a form required by the IRS, similar to the W9 form that employees and subcontractors in the United States must submit to employers

No credit card required

Form W-8BEN

W-8BEN forms by type

Get your W-8BEN forms’ versions from 2017 to 2023

Why do you need it?

The IRS requires that taxes be paid on income paid to entities outside of the United States.

Typically, this rate is 30%, but it can differ from one foreign country to the next. The W8-BEN must be filled out by a non-US entity receiving compensation from a US entity.

It ensures that the individual or company issuing payment knows to withhold taxes from payment, and to subsequently pay those taxes to the IRS.

If you’re a company or individual paying non-US entities, you will be held liable by the IRS for the taxes that should be withheld from payments you send them, which makes it important to have a W8-BEN on file for these entities.

Tips and instructions for use

The W8-BEN is a single page form with three sections:

  • Part 1: Identification of beneficial owner
    This section is used to identify the owner of the income, otherwise known as the “beneficial owner”. Be sure to provide accurate information including your name, country of citizenship (determines tax withholding rate), address, U.S. or foreign Taxpayer ID number, and date of birth.
  • Part 2: Claim of tax treaty benefits
    The United States has tax treaties in place with some foreign countries which offers citizens a lower withholding rate than the standard 30%. In this section, you will note which treaty your taxes are subject to, and at what rate they should be withheld from payments made to you.
  • Part 3: Certification
    The IRS takes tax forms very seriously. Part three of the W8-BEN requires you to certify that the information provided on the form is complete and accurate, and that you are in compliance with a list of standards associated with the form.

Helpful information

Like the W9, the W8-BEN is not submitted to the IRS. Instead, it’s submitted to the US entity issuing payment, and they keep it in their records.

If you’re a company outside the United States and receiving payments from US entities, you’ll use the W8-BEN-E version of this form instead of the standard version.

FAQ

Related Business Documents

Texas Month-to-Month Lease Agreement

Texas Month-to-Month Lease Agreement

Simplify your month-to-month rentals in Texas using our customizable agreement template. Guarantee legal compliance and confidently lease with flexibility.

Kansas Room Rental Agreement

Kansas Room Rental Agreement

The Kansas Room Rental Agreement typically includes house rules, which specify guidelines for using shared common spaces, maintaining quiet hours, and other important aspects of communal living. These rules are designed to ensure a harmonious living environment for everyone. This document is essential in managing expectations and preventing conflicts in shared living situations.

Virginia Non-Disclosure Agreement Template

Virginia Non-Disclosure Agreement Template

Do you need a legally binding agreement that obligates all signatories to maintain the secrecy of certain information? The Virginia Non-Disclosure Agreement Template is available for free download at PandaDoc.

Wyoming Room Rental Agreement

Wyoming Room Rental Agreement

A Wyoming room rental agreement serves as a foundational document outlining the terms and conditions of a rental arrangement. Typically entered between a landlord and tenant for a specific room within a property. It’s utilized when a landlord wishes to rent out a room to a tenant, providing clarity on the rights and responsibilities of both parties. It’s essential to use this agreement at the commencement of the tenancy to establish clear expectations and prevent potential disputes.