This could be due to one of 3 following reasons:
- Your country of residence is a non-treaty country and does not have a tax treaty with the U.S.
- Your tax certificate (W-8 BEN, BEN-E, etc) has expired and would automatically default to 30% withholding tax rate.
- You are residing in a tax treaty country and not claiming tax treaty benefits on line 9 of the W-8 form.
*DriveWealth does not provide tax or accounting advice. Please consult a tax and/or accounting professional accordingly.*