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Foreign supplier payments subject to withholding
June 1, 2022
Q. We have a Canadian supplier who will be fabricating steel and shipping it to us in South Florida. They provided us with a W-8BEN form and they have a Canadian Foreign GST tax number. We are trying to determine if the Canadian supplier should be subjected to the 30% tax withholding from their payments. The Canadian supplier will be issuing the invoices to us.
Should we subject this Canadian supplier to the 30% withholding and/or if they want to eliminate the 30% withholding, what does the…
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