Why do I need a form W8BEN for an international account?
2021/9/14
Valid W-8 ben form
W-8, Ben, must be resubmitted every three years. But if you own or have applied for an American tax code (ITIN or EIN) and provide it on your W-8BEN form. If you do not have a U. S. tax number, please fill in your country’s tax number in the foreign tax number field. Customers from mainland China can fill in your ID card number.
Update of W-8 Ben form
The W-8 Ben form is valid for the year in which it was signed and for the next three calendar years. For example, a W-8BEN form signed on March 5,2010, valid until December 31,2013, must be resubmitted to Guerin by December 31,2013.
Note: When you need to re-submit your W-8BEN form, you will be notified in advance by email or letter.
Complete W-8 ben form requirements
W-8ben for proof of alien status must be updated every three years. If the W-8BEN form lapses, you will be subject to a 24% tax deduction on the total value of each stock sale because you can not be sure that you are a non-american. In addition, the treaty rates in your country of residence will no longer apply.
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This article does not constitute an individual investment proposal, nor does it take into account the specific investment objectives, financial position or needs of individual users. Before making any investment decision, investors should consider the risk factors associated with the investment product according to their own circumstances and consult professional investment advisers as necessary.