Updated W-8 Forms and Associated Instructions

The IRS recently published new and updated Forms W-8 and corresponding instructions: 

Form W-8IMY (Rev. June 2017) and the Instructions for Form W-8IMY were updated. The form was amended to provide additional information with regard to the QDD status of a Withholding Agent and to incorporate changes provided by the updated Chapter 3 and Chapter 4 Regulations. Withholding Agents will have to request new Forms W-8IMY starting January 1, 2018.

Form W-8BEN (Rev. July 2017) and the Instructions for Form W-8BEN were updated. The form was amended to reflect changes in Form W-8BEN-E (Rev. July 2017) and to incorporate changes introduced by new Chapter 3 and Chapter 4 Regulations. Withholding agents will have to request new Forms W-BEN starting February 1, 2018.

Form W-8BEN-E (Rev. July 2017) and the Instructions for Form W-8BEN-E were updated. The form was amended to reflect updates with the Chapter 4 statuses 

• Limited FFIs and limited branches,

• Sponsored FFIs and sponsored direct reporting NFFEs, and

• Nonreporting IGA FFIs.

In addition, the form has been updated to require a non-U.S. TIN (except in certain cases) to be provided for certain foreign account holders of a financial account maintained at a U.S. office or U.S. branch of a financial institution.

Withholding agents will have to start requesting new Forms W-8BEN-E from February 1, 2018.

Form W-8ECI (Rev. July 2017) and the Instructions for Form W-8ECI were updated in order to incorporate changes introduced by new Chapter 3 and Chapter 4 Regulations. Withholding agents will have to request new Forms W-8ECI starting February 1, 2018.

Form W-8EXP (Rev. July 2017) and the Instructions for Form W-8EXP were updated in order to incorporate changes introduced by new Chapter 3 and Chapter 4 Regulations. Withholding agents will have to request new Forms W-8EXP starting February 1, 2018.