Arthrex requires that new suppliers complete the following documents regarding accounts for payment purposes. After approval as a supplier, please request the appropriate forms from a supply chain professional. After completing and signing the forms, send them to your designated accounts payable professional.
All Suppliers Required to Fill Out:
- Supplier Vendor New Account
- Change Form ACH Cr—for direct deposit
-
Wire instructions —for wire transfer payments (normally international suppliers)
Domestic Suppliers
- W-9 Form
International Suppliers
- A W-8 form
- IRS explanation of W-8, to guide foreign suppliers to complete the correct W-8 form
- Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding
- Form W-8CE, Notice of Expatriation and Waiver of Treaty Benefits
- Form W-8ECI, Certificate of Foreign Person’s Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States
- Form W-8EXP, Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding
- Form W-8IMY, Certificate of Foreign Intermediary, Foreign Flow-Through Entity or Certain US Branches for United States Tax Withholding
- See IRS Pub 515 Withholding of Tax on Nonresident Aliens and Foreign Entities for current rules
- To be valid, forms must be originally signed and dated
- Fully completed, originally signed and dated W-8 forms must be mailed to the payer within 30 days
- Period of Validity: Forms normally expire in 3 years and require renewal, unless a US Tax ID Number is provided
- Best practice: send new forms annually
- Default Backup Withholding Tax (BWT) Rate is 30%
- Expired, incomplete or inaccurate W8 forms will cause 30% BWT to be deducted from payments
- BWT is forwarded to USA’s IRS Department. IRS must be contacted by payee, to initiate a request for refund
- If claiming Tax Treaty Benefits, you must apply for a US Tax ID Number