W-8 Info
What Is the W-8BEN Form?
The W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting) is an official IRS form used by non-U.S. individuals to certify their foreign status for tax purposes. This form ensures that the correct amount of tax is withheld from U.S.-sourced income, such as payments received through Lumanu, and may allow individuals to claim benefits under a tax treaty between their country and the United States.
Who Needs to Complete the W-8BEN Form?
The W-8BEN form is required for:
Non-U.S. individuals receiving U.S.-sourced income.
Individuals who wish to claim a reduced tax withholding rate under an applicable tax treaty.
Difference Between Form W-8BEN and W-8BEN-E
Foreign businesses should complete Form W-8BEN-E, which also allows them to claim tax treaty benefits if applicable. Both forms help determine eligibility for reduced U.S. tax rates on income.
If you have additional questions about completing Form W-8BEN, please contact Lumanu Support at vendors@lumanu.com for assistance.