New Form W-8 Capability Meets KPMG Review Requirements
com), provider of the leading global payments management platform, has fully integrated the first-ever intelligent Form W-8 collection solution into its platform.
The QI obtains the know-your-customer documentation specified in its QI agreement for such beneficiaries/owners (other than a Form W-8, Instructions for the Requesters of Forms W-8BEN, W-8ECI, W8EXP, and W-8IMY); and
The QI obtains a valid Form W-8 from the beneficiaries/owners.
After 2000, foreign persons must use an appropriate Form W-8
To determine a payee's status, a withholding agent must rely (absent actual knowledge or reason to know otherwise) on Form W-9, Request for Taxpayer Identification Number and Certification, Form W-8
, Certificate of Foreign Status, or Form 8233, Exception From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual, that the payee provides.