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If you carry out business activities with partners in the USA or receive certain types of income with source in the USA, you may be exposed to the risk of withholding tax in the US of up to 30% according to local legislation. Form W8-BEN-e allows to claim a reduction in the US tax rate for a foreign business if the country in which the business is established has a double taxation treaty.
The W8-BEN-e form is a document that confirms that a legal entity that does not have registered seat in the US is entitled to tax benefits under US law. The mentioned form serves to reduce the tax liability and correctly identify the person who received the income. Completion of this form is required in business practice for cooperation with companies based in the USA. In this case, it is necessary to provide the US business partner with a completed W8-BEN-e form in order to avoid misunderstandings and avoid excessive tax being collected.
The most common are dividends, but there can also be other incomes such as interest, capital gains, royalties, rental of properties, income from various types of services and other income subject to US taxation.
The completed form W8-BEN-e confirms that:
In similar cases, if the income is received by a natural person, it is necessary to fill in the W8-BEN form, which serves to apply more favorable taxation conditions in accordance with the Double Taxation Treaty with the USA.
Fulfilling reporting obligations in another country is undoubtedly difficult, so we will be happy to help you with the preparation of the W8-BEN-e form. Get in touch with our Slovak experts at and we will get back to you.
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and more than 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
About Accace Circle
Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 50 jurisdictions with nearly 2,500 professionals, we support more than 15,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 200,000 pay slips globally.
