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More information on W-8Ben Form

Please be informed that it is a requirement for W-8Ben Form  to be signed before trading in the US Markets.

 

After completion, kindly mail the form to us at :

 

OCBC Securities Pte Ltd

18 Church Street , #01-00

OCBC Centre South

Singapore 049479

(Attn : Customer Services Dept)

 

Under the US Department of the Treasury, Internal Revenue Service regulations, foreign persons, including non-US citizens, are subject to a US tax rate of 30% on certain types of income received from US sources, such as interest, dividends, rents, royalties, annuities, etc.

 

Foreign persons are required to complete and submit W-8Ben form to the withholding agent or payer to establish that they are not US persons, and that they are the beneficial owners of the income for which the W-8Ben form is provided.

 

Note:

The W-8BEN Form is only valid for 3 years starting from the date the form is signed to the last day of the third succeeding calendar year.

(Eg. W-8BEN Form signed on 1 Sept 2005, remains valid through 31 Dec 2008)

 

More information can be found from the Internal Revenue Service website at http://www.irs.gov/ or http://www.irs.gov/instructions/iw8ben/ch01.html#d0e187

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