Another draft Form W-8 is released by the IRS

Overview

The draft Form W-8IMY is intended to replace the current Form W-8IMY (which was last revised in February of 2006) to accommodate changes brought about by the Foreign Account Tax Compliance Act (FATCA). Currently, Form W-8IMY is provided by non-U.S. intermediaries and flow-through entities (e.g., qualified and nonqualified intermediaries, withholding and nonwithholding foreign partnerships, etc.) to establish their status for purposes of Chapter 3 of the Internal Revenue Code (IRC). Once the form is finalized, it will also be used to provide certifications to a withholding agent necessary for reducing or eliminating U.S. withholding tax imposed by the provisions of FATCA (e.g., Chapter 4 of the IRC).

Contact us

Dominick Dell'Imperio
Partner
Tel: +1 (646) 471 2386
Email

Kevin Brown
Principal, Co-leader, Tax Controversy and Regulatory Services
Tel: +1 (202) 346 5051
Email

Follow us