What is the W-8BEN form?
The W-8BEN form is a form that a non US citizen has to submit to the IRS via a withholding agent to qualify himself or herself for tax exemption. This form certifies that non US people are not having any business activities within the US and therefore not subject to taxation and can claim tax treaty benefits.
Why id the W-8BEN form important? This form is often a requirement of US companies or customers who do business with non US persons, in order to avoid all the hassle associated with taxes issued by the IRS. For online affiliate marketers or people involved in ecommerce, this form can be seen as a necessity and therefore it is helpful for one to know how to fill it up.
Filed under: Ecommerce,General
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