If you are an unaccounted for business receiving a withheld payment, enter your name on line 3 if you: 1) you are registered with the IRS and have received a GIIN associated with the legal name of the non-considered entity; 2) a report template is 1 FFI or a report template is 2 FFI; and (3) are not a hybrid entity that uses this form to take advantage of contractual benefits. If you are a partnership, unaccounted for, simple trust, or settling trust that receives a payment for which contractual benefits are claimed by that entity, you must select the Partnership, Entity Not Considered, Simple Trust, or Settling Trust box. In this case, you must also check the „Yes“ box to indicate that you are a hybrid entity making a contractual claim. You may only check the „No“ box if (1) you are a corporation, partnership, simple trust or unaccounted for the purpose of documentation only and the form does not involve a withholding payment or a reportable amount, or (2) you use this form solely for the purpose of documenting your status as a participating beneficiary. as defined in Article 6050W. In such cases, you do not need to fill in line 4, but you can check the „No“ box if you want to fill in line 4. You can also use Form W-8IMY to document yourself as an IFP holder. These two forms differ in very specific ways: form W-8BEN is only used for foreign individuals or sole proprietors, while electronic form W-8BEN is used for non-US companies such as corporations, corporations, and organizations. In general, a Form W-8BEN-E remains valid for the purposes of Chapters 3 and 4 for a period beginning on the date of signature of the form and ending on the last day of the third consecutive calendar year, unless a change in circumstances misleads the information on the form. For example, a Form W-8BEN signed on September 30, 2014 remains valid until December 31, 2017. If you are a flow-through entity claiming contractual benefits for a payment that is a withheld payment, you must also provide Form W-8IMY and a declaration of source (if required) that determines the Chapter 4 status of each of your partners or owners. No transfer information is required in this declaration of withholding tax unless one or more partners or owners are subject to withholding under Chapter 4 (e.g.

B a non-participating IFF). If you are a reckless business claiming contractual benefits for a payment that is a withheld payment, unless you are treated as a beneficiary for Chapter 4 purposes and have your own GIIN, your individual owner must provide the holder with Form W-8BEN-E or Form W-8BEN (as applicable) to the hold agent with this form. You or the retention agent can use line 10 to inform the retention agent that it is linking the two forms. If you have any comments on the accuracy of these time estimates or suggestions for simplifying this form, we would love to hear from you. You can send us your feedback from IRS.gov/FormComments. You can contact the Internal Revenue Service, Tax Forms and Publications, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not submit Form W-8IMY to this office. Instead, give it to your detention officer. Select the check box that applies to your Chapter 4 status.

You are only required to indicate a Chapter 4 status on this form if you are the recipient of a withheld payment or document the status of a financial account you hold with an IFF requesting this form. By checking a box in this line, you declare that you are eligible for this classification in your country of residence. If you have identified yourself as a passive VET (including an investment company that has an NFFE territory but not an exempt NFFE under Section 1.1472-1(c)) of the Regulations) with one or more significant U.S. owners in Part XXVI, you must identify each significant U.S. owner. Specify the name, address, and TIN of each large U.S. owner in the appropriate column. You may attach this information to a separate statement that will continue to be subject to the same declaration of perjury and other certifications made in Part XXX. If you are using Controlling U.S. People (as defined in an applicable IGA) to an FFI Model 1 or FFI Reporting Model 2 where you maintain an account that requests such property information using this form, you can use this field or attach a separate statement to report these individuals.

What has changed in the W-8 forms? There are updates regarding: The W-8BEN-E is a new form created through the Foreign Account Tax Compliance Act (FATCA). Here`s the catch. You must give the form to the person requesting it before the payment is made to you, credited to your account or assigned. Often, this timeline is very short and many companies miss the opportunity to submit it. If you do not provide the W-8BEN electronic form, the detainer may be required to withhold the 30% rate, withholding rate, or applicable section 1446 rate. In addition, you can also be expected to provide many W-8BEN electronic forms for different types of income. Once deployed, the W-*BEN electronic form remains valid for 3 years. In general, each retention agent should receive a separate Form W-8BEN-E. Meeting deadlines for multiple form requests for multiple investments will be administratively challenging despite your efforts and those of your custodian bank. As a result, the refund option is sometimes missed and requires a retroactive refund request. The W-8BEN-E is a form of the Internal Revenue Service (IRS) of the United States. All foreign (non-U.S.) companies that receive payments from a U.S.

company must complete the W-8BEN electronic form. Foreign persons must submit Form W-8BEN to the holder or payer if they are the beneficial owner of the undistributed income. You must submit the form, whether or not you are applying for a reduced withholding tax. You can check the box on this line 9c if you have an account as described for the purposes of line 9b and you are not required by law to obtain a FTIN from your jurisdiction of residence (even if the court does not issue an FTIN). If you check this box, you will be treated as if you had explained that you did not specify an FTIN on line 9b. If you wish to make another statement (or a different statement) explaining why you are not required to provide an FTIN on line 9b, you can do so in the margins of this form or on a separate declaration attached to this form. .