U.S.A.: FATCA: IRS publishes updated Form W-8IMY and instructions
Clearstream Banking1 would like to inform customers that the U.S. Internal Revenue Service (IRS) published an updated version of the Form W-8IMY on its website on 26 June 2017, to be used by Foreign Intermediaries, Foreign Flow-Through Entities or certain U.S. branches.
The related instructions provide clarifications on the completion of the form in regards to the following entities and can be accessed on the IRS website:
- Qualified derivatives dealers (QDDs);
- U.S. branches of foreign entities;
- Limited Foreign Financial Institutions (FFIs) and limited branches;
- Sponsored FFIs and sponsored direct reporting non-financial foreign entities (sponsored direct reporting NFFEs); and
- Non-reporting IGA FFIs.
Further information
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.