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W-8BEN tax information

Active Member
Asim I Member Since: May 11, 2016
1 of 15

 

Hello, I'm from pakistan and just a new user of upwork. I just add my Payment Method today and after completing the process under "Get Paid" tab, I got the following alert "In order to withdraw earnings, please complete a W8BEN Foreign Status Certification." and when i click on that link following message appear "Before withdrawing funds, all non-U.S. persons must provide their W-8BEN tax information."  and there is one text filed with label "Legal Name of Business" what should I type in this field?? I am struck now Smiley Sad

 

Your assistance in this regard will be highly appreciated. Waiting for response.

 

Thank you.

 

Regards,

Asim Idress

Moderator
Valeria K Moderator Member Since: Mar 6, 2014
2 of 15

Hi Asim,

 

You can either put your legal name as it appears on your passport or the name of a registered business entity if you have one.

~ Valeria
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Active Member
Mohammad F Member Since: Jun 1, 2016
3 of 15

Hi Valeria,

 

How do I apply for a VAT Number? I am a student from Bangladesh, currently studying my Bachelors in the United Kingdom. Also, can you provide any insight on the VAT Number?

 

~ Fahad

Moderator
Valeria K Moderator Member Since: Mar 6, 2014
4 of 15

Hi Mohammad,

 

I suggest you talk to a tax specialist or an adviser in your school to make sure your status as a foreign student allows you to legally work while you are in the UK and whether it's necessary for you to get VAT number. 

 

You can find a lot of information about VAT charged by Upwork in this help article and on this thread.

~ Valeria
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Active Member
Mamoona N Member Since: Jun 27, 2016
5 of 15

Hi,

 

 

I am from Pakistan, I wanted to know what would I get after all the taxes and expenses from a $625 contract. 

 

please assist me in the matter

 

thanks

Moderator
Valeria K Moderator Member Since: Mar 6, 2014
6 of 15

Hi Mamoona,

 

You may need to consult with a local tax adviser regarding taxes you need to pay on your income as a freelancer on Upwork and withdrawal fees would depend on the payment method you select for your account. Upwork charges a Service fee, which is 20% on first $500 this client pays to you, 10% between $500.01 and $10,000 and 5% once the amount of billings with this client exceed $10,000.

 

Please, check this Help Section for more information. 

~ Valeria
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Active Member
Jessyl A Member Since: Oct 2, 2017
7 of 15

Hi Valeria, 

 

Does it mean I just need to put my legal name based on all of my valid ID's also? Thanks. I highly appreciated your help. I just want to be 100% sure on this matter.

Moderator
Goran V Moderator Member Since: Mar 24, 2017
8 of 15

Hi Jessyl,

Yes that is correct.


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Active Member
Jessyl A Member Since: Oct 2, 2017
9 of 15

Hi Goran,

 

Is BRSTN Code in "Set up Payments" is the account number in every respective bank? Thanks, I highly appreciated your response.

Moderator
Goran V Moderator Member Since: Mar 24, 2017
10 of 15

Hi Jessyl,

When setting up your W8 from chose the option as non-US and follow the steps in this Help Article.


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