Foreign supplier payments subject to withholding

June 1, 2022
June 1, 2022

Share

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…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500