I am an Indian citizen and employed by a legal entity incorporated in India. The parent company of this legal entity is a U.S. bank.
Recently, all employees received a notification that since the parent company is a U.S. entity, it’s required to keep a record of all U.S. citizens employed by itself and its subsidiaries. Employees have to either fill out a W-9 or a W-8BEN.
I understand that W-8BEN is needed to be filled if I get some income from a U.S. entity in terms of property, interest, or dividends. However apart from receiving an Indian salary from an Indian legal entity, for which I pay Indian taxes, am I still required to fill out the W-8BEN form?
The only connection between me and the U.S. is that I work for an Indian subsidiary of a U.S.-based company.