What is a W-8 form and how do I complete it?

The W-8 form is a legal document required by the Internal Revenue Service (IRS) in the United States. It allows foreign investors to claim special tax treaty benefits, including a reduced rate of withholding tax. Each W-8 form is effective for three years, unless your circumstances change and you’re required to submit a new form.

What happens if I don’t have a valid W-8 form on file?

Any payments credited to your International Share Trading Account may be subject to a withholding of 30% under US tax law. (Payments could be dividends or sale proceeds.)

How do I complete the W-8 form?

  • Log in to your CommSec account and go to Settings
  • Under W-8 form click on "Respond now"
  • Follow the prompts and instructions to complete your form.

If the W-8 option isn’t available on your Settings page, you can create a request by following these steps:

  • Log in to your CommSec account and go to Settings
  • Click “Create a Request” in the Service Request section
  • Enter “W-8” in the search box and select the appropriate form
  • Follow the prompts and instructions to complete your form.

If you can’t complete the form online, please call the CommSec International Desk on 1300 361 170.

CommSec is unable to provide you advice in relation to your obligations or U.S. tax consequences of your investment/s. You should contact the IRS or your Tax Adviser for advice and further information.

 

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