Fidelity Investments Recurring 2013-2025 Form

What is the Fidelity W-8BEN?

The Fidelity W-8BEN form is a tax document used by foreign individuals and entities to certify their foreign status for U.S. tax purposes. This form is essential for investors who are not U.S. citizens or residents but wish to invest in U.S. securities through Fidelity Investments. By submitting the W-8BEN, investors can claim a reduced rate of withholding tax on certain types of income, such as dividends and interest, according to the tax treaties between their country of residence and the United States.

How to use the Fidelity W-8BEN

To effectively use the Fidelity W-8BEN, investors must complete the form accurately and submit it to Fidelity. The form requires personal information, including the investor's name, country of citizenship, and taxpayer identification number. After filling out the necessary sections, investors should ensure they sign and date the form before submission. This process allows Fidelity to apply the correct withholding tax rates on any income generated from investments.

Steps to complete the Fidelity W-8BEN

Completing the Fidelity W-8BEN involves several key steps:

1. Gather necessary information, including your name, address, and taxpayer identification number.
2. Indicate your country of citizenship and any applicable tax treaty benefits.
3. Complete the certification section, confirming your foreign status.
4. Sign and date the form to validate your submission.
5. Submit the completed form to Fidelity Investments, either online or via mail.

Legal use of the Fidelity W-8BEN

The legal use of the Fidelity W-8BEN is governed by U.S. tax laws and regulations. This form is crucial for ensuring compliance with the Internal Revenue Service (IRS) requirements. By accurately completing and submitting the W-8BEN, foreign investors can avoid higher withholding tax rates and ensure that their investments are treated according to applicable tax treaties. Failure to submit this form may result in the default withholding rate being applied to any income earned from U.S. sources.

Key elements of the Fidelity W-8BEN

Several key elements are essential to understand when dealing with the Fidelity W-8BEN:

• Identification: The form requires personal identification details, including name and address.
• Tax Treaty Benefits: Investors must indicate if they are eligible for reduced withholding tax rates under a tax treaty.
• Certification: A signature is needed to certify the accuracy of the information provided.
• Validity Period: The W-8BEN is generally valid for three years, after which it must be renewed.

Required Documents

When completing the Fidelity W-8BEN, investors may need to provide additional documentation to support their claims. This may include:

• Proof of foreign status, such as a passport or national identification card.
• Documentation of residency in the country claiming tax treaty benefits.
• Any prior tax forms submitted to the IRS that relate to the investor's tax status.