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80543b20
Community Member

update on W-8BEN Form Inquiry

I understand that we needed to update our W-8BEN form and it was only until  Dec 2022. However, I just had it updated today, unfortunately... Will UW withhold 30% of my income from now onwards? or what would be the consequences? Thank you in advance for those who will respond

2 REPLIES 2
ArjayM
Community Member

Hi Ritchell,

 

 

We are required to follow IRS regulations and withhold income tax from your future earnings if a new W-8BEN or W-8BEN-E is not completed by December 31, 2022. Any tax withheld this way will be sent to the IRS. 

 

Don't worry! As long as a new W-8BEN or W-8BEN-E form is filled out, we’re not required to withhold at this rate. Unfortunately, refunds will not be provided if the forms are completed at a later date. We highly suggest you review this announcement for Non-U.S. Taxpayer Information Reporting Updates.

 

~ Arjay
Upwork
80543b20
Community Member

Thank you Arjay

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