Dear Client:
The US Internal Revenue Service (IRS) has revised the forms relating to withholding on US income made to non-US persons and entities. The IRS forms, which you previously submitted, will expire. You need to complete, sign and return to us a new IRS form as soon as possible.
The chart below provides a general explanation of each IRS form. The IRS forms and instructions can be found at www.irs.gov/forms_pubs/forms.html. Please review the information and determine which form applies to you. When completing these forms, please note your account number. Complete, sign and return the form to us. Note that we cannot accept a facsimile copy of any form.
If you have questions relating to the new forms, please consult your tax advisor. For additional information, visit the IRS website at www.irs.ustreas.gov for Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Corporations.
Thank you in advance for your prompt cooperation.
Form |
Form Name |
Form Purpose |
W-8BEN
(Replaces Forms W-8, Certificate of Foreign Status, and 1001, Ownership, Exemption, or Reduced Rate Certificate) |
Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding. |
For use by foreign persons including non-resident individuals and non US corporations, partnerships, estates, and trusts who are the beneficial owners of the income whether or not entitled to the portfolio interest exemption or a reduced rate of withholding pursuant to a tax treaty. |
W-8ECI
(Replaces Form 4224, Exemption From Withholding of Tax on Income Effectively Connected With the Conduct of a trade or Business in the United States) |
Certificate of Foreign Person's Claim for Exemption From Withholding on Income Effectively Connected With the Conduct of a trade or Business in the United States. |
For use by foreign persons or foreign entities claiming an exemption from withholding tax on payments of US source income which is effectively connected with the conduct of a trade or business in the US. You must provide a US Taxpayer Identification Number (TIN) for this Form to be valid. |
W-8EXP
(Replaces Form 8709, Exemption From Withholding on Investment Income of Foreign Governments and International Organization) |
Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding. |
For use by foreign governments, international organizations, foreign central banks of issue*, foreign tax exempt organizations*, and foreign private foundations as the benficial owner claiming an exemption from US withholding tax. |
W-8IMY |
Certificate of Foreign Intermediary, Foreign Partnership, or Certain U.S. Branches for United States Tax Withholding. |
For use by foreign banks, corporations, partnerships, and certain US branches of foreign banks which are acting as agents on behalf of beneficial owners or other intermediaries. Certain entities will be required to provide a US Taxpayer Identification Number. |
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