U.S.A. Issuance of draft IRS form 1042-S customised reports available

Further to announcement A16012 dated 15 January 2016, Clearstream has sent out to those of our customers with reportable payments under U.S. withholding tax rules for the year 2015 a draft of the IRS form 1042-S ('Foreign Persons U.S. Source Income Subject to Withholding') recording their Clearstream activities.

The draft 1042-S can be used to perform an internal reconciliation with what you are planning to include in your own IRS Form 1042 or Form 1042-S and thereby identify any discrepancies before submitting your definitive version.

To ease the reconciliation exercise, reports will be prepared in Excel format per account, per income code and exemption code, and will be the static match of the amounts reported on your 1042-S.

To quickly obtain these reports by email including the full details of taxable U.S. payments reported on your account, please send an email to following address tax@clearstream.com, duly completed with the required data (institution name, contact person details - name, telephone number and email address - and the account numbers concerned).

Please note that the deadline to provide us with your queries or modification requests is 15 February 2016.

We provide these draft forms for information purposes only and do not warrant the accuracy of the data provided. Furthermore, information concerning tax reporting does not constitute legal or tax advice.