Tax certification

We're required to collect a W-8BEN from our customers. Customers certify their tax status directly in the app when signing up for a Robinhood account.

We’re legally required to ensure that all Robinhood customers certify their tax status.

A W-8BEN is a tax form certifying that an individual is a non-US person and a beneficial owner for US tax purposes. If you are a non-US person, we’re required to withhold taxes of up to 30% from US-sourced income you receive. The W-8BEN asks you to certify the country to which you pay taxes, your residential address in that country, your international tax ID number, and whether or not you want to claim US tax treaty benefits to potentially reduce the amount of taxes that we’re required to withhold from US-sourced income that you receive.

We’re generally required to withhold 30% from US-sourced income paid to you if you’re a non-US person. This withholding tax will automatically be deducted from the US-sourced income you receive.

You may, however, be eligible for a reduced rate of US withholding tax if:

• Your country of residence has an income tax treaty with the US, and you’re eligible for (and have successfully claimed) that treaty rate as part of the W-8BEN certification during onboarding.
• You’re a non-US person that’s certified on form W-8BEN during onboarding (required step when opening an account with us), so you’ll get a 0% NRA rate on US-sourced portfolio interest.

Robinhood doesn’t provide tax advice. For specific questions, seek advice.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.