Qualified intermediary and WP/WT agreement renewals due 31 March

Qualified intermediary and WP/WT agreement renewals

The IRS issued a reminder that all qualified intermediary (QI), withholding foreign partnership (WP), and withholding foreign trust (WT) agreements that are in effect before 1 January 2017 must be renewed, and the renewals are due by 31 March 2017.

1000

Related content

The IRS release [PDF 47 KB] includes a statement that any QI/WP/WT must begin its renewal process as soon as possible for the QI/WP/WT agreement to continue in effect without interruption. All renewals and new applications must be completed and submitted using the new QI application and account management system.  

© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.