GLOSSARY · VISA-HOLDER FINANCE
Form W-8BEN
The form a nonresident alien gives a US bank, broker or retirement plan to certify foreign status and, where a treaty applies, claim a reduced rate of US withholding. It replaces the Form W-9 a person gave while a US resident. Its instructions require the holder to notify the firm within 30 days when a change in circumstances makes the form incorrect, such as a move to a US address.
Also called: W-8BEN, certificate of foreign status, W-8BEN for a brokerage account
COMPUTE IT WITH YOUR NUMBERS
LEARN IT PROPERLY
CHAPTER · TWO-COUNTRY MONEY · FOUNDATIONSThe Paperwork: PAN, SSN, KYC and Residency CertificatesRELATED TERMS
SOURCES
- Instructions for Form W-8BEN. Internal Revenue Service.