U.S.A. : FATCA : IRS releases a new draft W-8EXP

21.08.2012

On 18 August 2012, the U.S. Internal Revenue Service (IRS) released the draft of a new W-8EXP form, Certificate of Foreign Government or Other Foreign Organization For United States Tax Withholding.

As with the new draft W-8BEN, W-8IMY and W-8ECI forms1, the new W-8EXP form2 will cover information requirements for the application of both Chapter 3 (Qualified Intermediary (QI) regime) and Chapter 4 (FATCA regime).

No instructions have yet been provided, but it is expected that the new W-8EXP form, if not further amended, will have to be used as of 1 January 2013.

The above information is not intended to be exhaustive. We will continue to monitor the IRS and commentator publications and will provide customers with further information in due course.

Further information

For further information, please contact the Clearstream Banking3 Tax Help Desk on:

LuxembourgFrankfurt
Email:tax@clearstream.comtax@clearstream.com
Telephone:+352-243-32835+49-(0) 69-2 11-1 3821
Fax:+352-243-632835+49-(0) 69-2 11-61 3821

or Clearstream Banking Customer Service or your Relationship Officer.

1. Please refer to our Announcements A12111, dated 11 June 2012, L12034, dated 20 August 2012, and L12036, dated 21 August 2012, respectively.
2. Available at http://www.irs.gov/pub/irs-dft/fw8exp--dft.pdf.
3. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).

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