Form W-8IMY establishes foreign status for foreign intermediaries, foreign flow-through entities, and certain U.S. branches.
Form W-8IMY establishes foreign status for foreign intermediaries, foreign flow-through entities, and certain U.S. branches. A Form W-8IMY should be completed when receiving a reportable amount or withholdable payment on behalf of another person or as a flow-through entity.
The IRS has released the draft 2016 Form W-8IMY (PDF, 221KB) which is set to be finalized by September 2016. The 2016 version will replace the April 2014 version of the Form.
Updates to 2016 Version of Form W-8IMY
The draft 2016 Form W-8IMY contains the following key changes:
For further information, please do not hesitate to contact us.
Any tax advice in this communication is not intended or written by KPMG to be used, and cannot be used, by a client or any other person or entity for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing, or recommending to another party any matters addressed herein.The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.