U.S.A.: IRS publishes an updated FAQs
Clearstream Banking would like to inform customers that the U.S. Internal Revenue Service (IRS) has published an updated FAQs:
- Questions 21 and 22 were added on 31 March 2017 under the section “Qualified Intermediaries, Withholding Foreign Partnerships and Withholding Foreign Trusts” to provide further guidance to Qualified Intermediaries, Withholding Foreign Partnerships and Withholding Foreign Trusts which are still in the process of renewing their agreement with the IRS or applying for the Qualified Derivative Dealer status.
- Questions 20, 21 and 22 were added on 6 April 2017 under the section “General Compliance” to provide further guidance to Withholding Agents on the requirement to collect a foreign TIN or date of birth on a beneficial owner certificate.
We continue to monitor the situation and will provide further information as it becomes available.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice. |