W8BEN services in USA

W8BEN GKM helps clients with W8BEN filing requirements. W8BEN (Individuals) or W8BEN E (Corporations) is needed to be submitted to payer, if a non-resident alien receives payments from US entities. The present structure of business is such that many resident Indians work from India for US Corporations or have businesses in USA wherein they are partners or shareholders. The payer may rely on the W8BEN to establish that a foreign (Non-US) person beneficially owns the amount being paid and may further rely on the W8BEN or W8BEN E to apply a reduced rate of withholding or exemption from withholding at source. Generally, foreign persons are subject to US tax at 30% on income from US sources.

Url: https://www.gkmtax.com/services/other-services/

Main category: Business

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Tags: W8BEN services in USA

Added: 28-02-2023