Announcement

U.S.A.: FATCA: IRS publishes new Form W-8BEN-E and instructions for 2016

Tax | USA

Reference

Code
T16014
Service level
CBL
Last Updated
20.04.2016

On 13 April 2016, the U.S. Internal Revenue Service (IRS) published on their website the following new documentation regarding FATCA:

The amended form and instructions include updates regarding:

  • The Chapter 4 Status in part I - 5 of the W-8BEN-E form, for which a new checkbox has been added for "Accounts that are not financial accounts";
  • The status of "Non-reporting IGA FFIs” for which clarifications have been added in the instructions; and
  • Limitation on Benefits (LOB) for treaty claims for which new checkboxes have been added in part III – 14b (Claim of Tax Treaty Benefits) for the entities that are resident in a country which has a "LOB" article in its treaty.

We continue to monitor the implementation of FATCA and will provide more 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.