Posted by Heidi Lopez
LifeVantage Enroller ID # 887146
http://www.mylifevantage.com/HeidiLopez
Email: Heidi_Lopez@comcast.net
http://www.mylifevantage.com/HeidiLopez
Email: Heidi_Lopez@comcast.net
TAX
Will there be a charge for taxes, separate from the price of
the product, during Pre-Enrollment?
Yes, orders shipped to the Philippines are sales of US
products made by a US entity and are therefore subject to certain US tax laws,
as well as any taxes imposed upon importation of the product into the
Philippines such as value added tax and customs duties. This tax charge is
equivalent to approximately 19% of the price of the product including shipping.
I am not a US Citizen, a Permanent Resident of the US, or a
legal entity registered with the IRS (e.g. Corporation, Partnership, LLC,
etc.), nor do I plan to conduct my LifeVantage business in the US. Do I still
need to complete and electronically sign the Substitute Form W-8BEN?
Yes, the IRS requires US companies making payments to non-US
residents to gather certain information to determine whether US income tax
withholdings apply to the payments. For
services rendered by a non-US resident outside the US, this information is
generally ultimately collected on Form W-8BEN. For services rendered by a
non-US resident inside the US, this information is generally collected on Forms
W-8ECI or 8233.
For more information on US withholding requirements on
payments to non-residents, please visit:
http://www.irs.gov/Individuals/International-Taxpayers/NRA-Withholding
TAX
I am a US Citizen or Permanent Resident of the US and my
LifeVantage Distributorship is in my name.
Do I need to complete and electronically sign the Substitute Form
W-8BEN?
No, please contact Distributor support and complete Form W-9
instead.
I am not a US Citizen or Permanent Resident of the US, but I
reside in the US and wish to sign up under the Philippines, and my LifeVantage
Distributorship is in my name. Do I need
to complete and electronically sign the Substitute Form W-8BEN?
It depends. If you are
an individual Distributorship you need to complete Form 8233 for non-US
residents performing services in the US. If you are signing up under a legal
entity (e.g. corporation, partnership, etc.) you should complete either Form
W-8BEN or W-8ECI. Please contact
Distributor support for more information.
TAX
I require more information in order to fill out Form
W-8BEN. What resources are available to
me?
Please refer to the Form W-8BEN Instructions on the IRS
website or the following attachment:
http://www.irs.gov/pub/irs-pdf/iw8ben.pdf
What will happen if I don’ t complete the substitute Form
W-8BEN?
The IRS requires LifeVantage to withhold 30% of Distributor
earnings and remit them to the IRS in instances where a properly completed Form
W-8BEN has not been provided.
No comments:
Post a Comment