![]() Electronic signature: The instructions to all forms provide updated guidance regarding the possibility to sign electronically.TIN claiming treaty benefits for specific types of income (other than dividends and interest from stocks and debt obligations). An FTIN is required only for financial accounts maintained in the U.S. KPMG comment: The requirement to collect an account holder’s FTIN should not be relevant for Swiss FI in practice. Form W-8IMY now also includes a line to provide a FTIN, if required. FTIN: Forms W-8BEN, W-8BEN-E and W-8ECI include a new line and checkbox to certify that a foreign tax identifying number (“FTIN”) is not legally required. ![]() The Final Regulations provide guidance on the changes expected with the new QI agreement in 2023. The current QI agreement is in effect through 2022. KPMG comment: IRS and Treasury plan to update the Qualified Intermediary (“QI”) agreement to allow QIs to assume primary withholding obligations under Section 1446(f) as well as on distributions by publicly traded partnerships under Section 1446(a). ![]()
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