Form W-8BEN
This query is : Resolved
22 February 2022
We are located in India and am a proprietorship and we sell videogame codes to company in US ,they are asking us to fill W8-BEN form before making wire transfer payment in USD to our bank ,we wish to know if we become liable to pay any tax to the US govt for this or if we are exempt/ 0 % tax ?
22 February 2022
The W-8BEN is an IRS mandated form to collect correct Nonresident Alien (NRA) taxpayer information for individuals for reporting purposes and to document their status for tax reporting purpose.
Information collected to know residential status for taxation purpose. Mostly you will be exempt being non resident.
Information collected to know residential status for taxation purpose. Mostly you will be exempt being non resident.
22 February 2022
Hi sir,
thank you for taking your time to answer the query ,can anyone confirm the exemption status or 0 % tax please ?
thank you for taking your time to answer the query ,can anyone confirm the exemption status or 0 % tax please ?
23 February 2022
You will not be liable to pay any tax to the US government directly. If your buyer is not deducting any tax on your payment it's exempt.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Form 10BD Filling
- Annual return of gst limit
- Which ITR To be filed by dentist
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
