W8Ben

  • Required for Non-U.S. Applicants only.

  • Fully Disclosed Client (Individual, Joint, Retirement)

  • Advisor Client (Individual, Joint, Retirement)

  • Non-Disclosed- NonQI Client (Individual/Joint)

  • Individual: AccountHolderDetails

  • Joint: FirstHolderDetails, SecondHolderDetails

  • Retirement: AccountHolderDetails

  • Option 1: Advisor/IBroker collects the tax form records on your website and attaches the corresponding blank form in the XML.

  • Option 2:  Advisor/IBroker will display the tax form on your website and client completes and signs the tax form electronically. Advisor/IBroker attaches the electronically completed and sign tax form along with the XML.

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<xsd:element name="W8Ben" use="Required for Non-US Applicants"  minOccurs="1" maxOccurs="1" />
<xsd:sequence>
 <xsd:attribute name="cert" type="Boolean" use="Required" />
 <xsd:attribute name="part_2_9a_country" type="part_2_9a_country" use="Required" />
 <xsd:attribute name="customer_type" type="customer_type" use="Required" />
 <xsd:attribute name="name" type="String" use="Required" />
 <xsd:attribute name="signature_type" type="signature_type" use="Required" />
 <xsd:attribute name="tax_form_file" type="String" use="Required" />
 <xsd:attribute name="foreign_tax_id" type="String" use="Optional" />
 <xsd:attribute name="explanation" type="String" use="Optional" />
 <xsd:attribute name="blank_form" type="Boolean" use="Required" />
 <xsd:attribute name="submit_date" type="YYYY-MM-DD" use="Required" />
 <xsd:attribute name="proprietary_form_number" type="String" use="Optional" />
</xsd:sequence>

Parameters

Name

Type

Description

part_2_9a_country

3 Digit ISO Code

Certify that the beneficial owner is a resident of <part_2_9a_country> within the meaning of the income tax treaty between United States and that country.

  • If the account holder is resident of a non-treaty country, enter N/A

  • If the account holder qualifies for treaty benefits under US income tax treaty, please identify treaty.

 

 

name

String

Name listed on the W8 must = Applicants First Name + Middle Name (if Applicable) + Last Name + Suffix (if Applicable)

*Data is case and space sensitive.

blank_form

true

false

Indicate if the Tax Form provided to IBKR is blank.

signature_type

Electronic

Signature type recorded for the Tax Form.

tax_form_file

String

File name of the tax form provided to IBKR in the archive file.

foreign_tax_id

String

The foreign tax ID of the applicant. This should be the same as the TIN which was provided in the TaxResidency node.

proprietary_form_number

String

Form number if broker/advisor sends proprietary blank forms instead of using the form numbers provided by IBKR.

Explanation

US_TIN

TIN_NOT_DISCLOSED

TIN_NOT_REQUIRED

TIN_NOT_ISSUED

Required if client does not have a foreign taxID.

Explanation for not providing either TIN or Foreign Tax Id:

[US_TIN] Account holder possesses US TIN; it will be added to W8 Form.

 

[TIN_NOT_DISCLOSED] Country issues TIN; however, applicant is exempt from disclosing TIN under laws of the country.

 

[TIN_NOT_REQUIRED] Account holder is not legally required to obtain TIN.

 

[TIN_NOT_ISSUED] Country does not issue TIN.

 

cert

true

false

Under penalties of perjury, I declare that I have examined the information on this form and to the best of my knowledge and belief it is true, correct, and complete. By clicking each item, I further certify under penalties of perjury that:

  • I am the individual that is the beneficial owner (or am authorized to sign for the individual that is the beneficial owner) of all the income to which this form relates or am using this form to document myself as an individual that is an owner or applicant of a foreign financial institution

  • The person named on line 1 of this form is not a U.S. person,

  • The income to which this form relates is:

  • not effectively connected with the conduct of a trade or business in the United States,

  • effectively connected but is not subject to tax under an income tax treaty, or

  • the partner's share of a partnership's effectively connected income,

  • The person named on line 1 of this form is a resident of the treaty country listed on line 9 of the form (if any) within the meaning of the income tax treaty between the United States and that country, and

  • For broker transactions or barter exchanges, the beneficial owner is an exempt foreign person as defined in the instructions.

  • By checking this box you confirm the information on this Form W-8BEN is correct.
submit_date YYYY-MM-DD For existing client, if firm has existing (valid) tax form on file for the account, include submit_date. submit_date represents date which client initially signed the tax form.
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Option 1: Collects the tax form records on your website and attaches the corresponding blank form in the XML.
<W8Ben part_2_9a_country="AUS" name="John Smith" cert="true" blank_form="true" foreign_tax_id="3333333" proprietary_form_number="5001" tax_form_file="tax_form_file.pdf" />
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Option 2: Display the tax form on your website and client completes and signs the tax form electronically. 
<W8Ben part_2_9a_country="AUS" name="John Smith" cert="true" signature_type="Electronic" blank_form="false" tax_form_file="tax_form_file.pdf" foreign_tax_id="3333333"  />
 

If client does not have a foreign taxID:

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US_TIN: Account holder possesses US TIN; it will be added to W8 Form.
<W8Ben name="John Smith"  explanation="US_TIN" tin="123456789"  part_2_9a_country="DEU" cert="true" blank_form="true" proprietary_form_number="5001" tax_form_file="Form5001.pdf"/>
 
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TIN_NOT_DISCLOSED: Country issues TIN; however, applicant is exempt from disclosing TIN under laws of the country. 
<W8Ben name="John Smith" explanation="TIN_NOT_DISCLOSED" part_2_9a_country="N/A" cert="true" blank_form="true" proprietary_form_number="5001" tax_form_file="Form5001.pdf"/>
 
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TIN_NOT_REQUIRED:  Account holder is not legally required to obtain TIN. 
<W8Ben name="John Smith" explanation="TIN_NOT_REQUIRED" part_2_9a_country="N/A" cert="true" blank_form="true" proprietary_form_number="5001" tax_form_file="Form5001.pdf"/>
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TIN_NOT_ISSUED: Country does not issue TIN.
<W8Ben name="John Smith" explanation="TIN_NOT_ISSUED" part_2_9a_country="N/A" cert="true" blank_form="true" proprietary_form_number="5001" tax_form_file="Form5001.pdf"/>