Announcement

U.S.A.: IRS publishes a QI, WP, WT agreements renewal and new application reminder

Tax | USA

Reference

Code
T17012
Service level
CBL
Last Updated
20.02.2017

TAX HELP DESK LUXEMBOURG

E:

tax@clearstream.com

T:

+352-243-3 2835

F:

+352-243-63 2835

Clearstream Banking would like to inform customers that on 17 February 2017, the U.S. Internal Revenue Service (IRS) published an alert reminding Qualified Intermediary (QI), Withholding Foreign Partnership (WP) and Withholding Foreign Trust (WT):

  • To renew their existing QI/WP/WT agreement by 31 March 2017 (with retro-active effect to 1 January 2017). The submission must be done via the new QI application and account management system.
  • To submit any new QI/WP/WT application via the new QI application and account management system.

For more information, please also review our Announcement A17027, dated 26 January 2017, and the new QI application and account management system User Guide and FAQ on the IRS Website.

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.