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
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CHAPTER · TWO-COUNTRY MONEY · FOUNDATIONSThe Paperwork: PAN, SSN, KYC and Residency Certificates
RELATED TERMS
Tax treaty401(k) withdrawals after leaving the USResident and nonresident alien (for tax)
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