Is form w8imy applicable to non-U.S. residents investing in cryptocurrencies?

3 answers

• Nov 28, 2021 · 3 years ago
  Yes, non-U.S. residents who invest in cryptocurrencies can use form w8imy. This form is used to certify that the individual is not a U.S. person for tax purposes. By submitting this form, non-U.S. residents can potentially reduce or eliminate U.S. tax withholding on their cryptocurrency investments.
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• Nov 28, 2021 · 3 years ago
  No, form w8imy is not applicable to non-U.S. residents investing in cryptocurrencies. This form is specifically for U.S. tax purposes and is not required for non-U.S. residents. Non-U.S. residents should consult with their local tax authorities to understand the tax implications of investing in cryptocurrencies.
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• Nov 28, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, non-U.S. residents investing in cryptocurrencies are not required to use form w8imy. However, it is important for non-U.S. residents to comply with their local tax regulations and seek professional advice if needed.
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