The US Internal Revenue Service (IRS) regulations state that Forms W-8BEN and W-8BEN-E expire after three years. This means that if you provided us with your tax information in 2016, and haven’t re-submitted since, we are required to invalidate your tax form on 1 January 2020.
If we don’t receive updated tax information from you by 1 January 2020, we will be required to apply Backup Withholding Tax (BWT) at a rate of 24% to all your earnings.
If you think you might need to update your tax form, you can do that now by logging in to your Envato account and visiting the tax information section on the settings page. Tax information provided now will be valid until 1st Jan 2023. You can update your tax information at any time.
Please note, if you need to update your W forms, you will need to update the tax form online, which you can accessed by copying the following link and simply updating it with your username:
The following help articles are available to help you in re-submitting your tax information
- Tax Information & Form W-8 Requirements for non US Authors 283
- Tax Form W8BENE - Step by step guide - for companies 34
- Tax Form W8BEN - Step by step guide - for individuals 135
We’re here to help you with this. You can contact firstname.lastname@example.org with any questions.