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What is the relevance of W-8BEN or W-8BEN-E forms?
All US dividends from investment in any US securities, that are part of a QuietGrowth Portfolio, are subject to a 30% withholding tax enforced by the Internal Revenue Service (IRS). For QuietGrowth clients, our brokerage partner can offer US relief at source reducing the overall withholding tax on dividends from 30% to 15% by applying the double taxation treaty between Australia and United States of America. US tax relief at source reduces the overall withholding tax on dividends from 30% to 15%. In order to benefit from the US tax relief at source, QuietGrowth clients are required to complete the relevant W-8BEN or W-8BEN-E form.
Please note that QuietGrowth does not provide any advice on tax related services. The Internal Revenue Service (IRS) is a US government agency responsible for tax collection and tax law enforcement. If you have queries while filling the W-8BEN or W-8BEN-E form, you would need to refer to the relevant instructions available in the IRS website, or obtain advice from your tax expert.