The IRS mandates that we collect and maintain documentation to verify your non-U.S. status. Without this certification, we are required to apply a 30% withholding tax on commission payments made to you.
By submitting the W-8BEN, you confirm your non-U.S. status and avoid this automatic tax deduction. This means you’ll receive your full payment without unnecessary withholdings.
Keep in mind, while U.S. taxes won’t be withheld, you’re still responsible for paying taxes in your own country based on your local tax laws.