Mar 3, 2022 06:31:09 PM by Lieset Jasmin P
Good day, upwork! I just wanted to ask a question regarding the W-8BEN which is needed for freelancers to withdraw their earnings.
I am a 19 year old freelancer from Philippines and Im trying to sign the W-8BEN for Tax information which means that I am Not a US person. I researched on how can I get the said tax return and found out that there are exemptions for individuals whose taxable annual income does not exceed Php250,000 or basically around $4,835. Because of this, I am confuse whether Im eligible for the tax exemption. This is my first year as a freelancer and I dont have any record as evidence for my annual income. For these, I wanted to list down my questions on this matter.
1.) How to file for W-8BEN outside US?
2.) When will I get to withdraw the funds? Do I have to wait for a year to save all my earnings and just then apply for an income tax return which is calculated annually?
3.) If it said that I am exempted from having taxes, what type of document should I present to sign and completing my W-8BEN tax information?
I hope that people would see this. Hoping for your kindly response.
Thank you.
Mar 3, 2022 08:44:00 PM by Avery O
Hi Lieset,
Please see my answers below.
For your other tax questions, please get in touch with a local tax advisor since we cannot give tax advice.