W-8BEN vs W-8BEN-E: What is the difference?
The purpose of Form W-8BEN, otherwise known as the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals) is to report the income of the U.S. non-residents subject to tax withholding. This document is aimed at individuals while Form W-8BEN-E, also called the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities), is designed for entities.
Both forms are available in two digital formats: PDF and Word. Using PDFfiller, you may fill out any sample online and edit according to your needs. It will save you time, allow you to correct all mistakes in seconds and manage the forms anytime and anywhere and on any internet-connected device. Add fillable fields, send it for signature, create watermarks and use other powerful tools to make the form look perfect. If you download and print the blank, you do not receive all these benefits.
You can find form w 8ben e instructions on the IRS site and look through them to know how to complete the document line-by-line. The information that must be provided in the certificate of foreign status for federal tax withholding is almost the same. However, in Form W-8BEN-E you must thoroughly describe your entity. In the irs w 8ben e instructions you will find out how to do that properly.
Regardless of the printable form you must file, the tax rate remains the same. It is 30% of your total income, according of the laws of the United States. If the U.S. concludes a tax treaty with your native country, you will be eligible to request a significant tax reduction in what is a great benefit for all non-resident businessmen within the United States.