Hello everyone. When I go to Tax Information I now see this message:
Before withdrawing funds, all non-U.S. persons must provide their W-8BEN tax information.
Before non US persons wouldn't need to do anything in this page or any tax information. Now it is necessary? Can someone from Europe give some insight about this also? What is the W-8BEN tax information and how should I proceed?
I thought that taxes were paid based on the country of the client, not the country of Upwork since Upwork is basically providing a service which we pay 10% (those 10% could be deducted in IRS for example). From what I read, W-8BEN means paying 30% of taxes for any credit I receive in Upwork. How does that make sense for a client from a country where taxes are lower or higher?
But this change is recent. I have been withdrawing funds with no problem. The worst is that I wasn't notified of this change. Would it have been nice if at the end of the month when I need my funds to find out I would need to fill out this form and stay potentially several days without being able to withdraw them?
It is not a recent change, Tiago, it's been a requirement for a while. Also, it looks like your tax form is completed and you should be able to withdraw your available funds without any issues.
Hello! I am Saifur Rahman and I am confused about W-8BEN tax. In the field there is given legal name of business but I work as a freelancer here so what should be in my business? And I am non-us person. Also my payoneer card is still inactive can you help me out with this.
Regards Saifur Rahman
You can use your own legal name as it appears in your passport or other official documents to complete the W-8BEN form, which purpose is to confirm you're not a US taxpayer. This should also solve your Payoneer account inactivity concern.
Let us know if the issue persists.
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