EVENTS & CONFERENCES

  • AmCham Insights: FATCA and US Withholding Tax Formalities

    October 20 2015, 08:30 - 10:00
    Location: AmCham France, 77 rue de Miromesnil – 75008 Paris

     

    FATCA and US Withholding Tax Formalities –  the Unfathomable Form W-8BEN-E

     

     

     

    FATCA went into effect in 2014 and as of 1 January 2015 changed the shape of US withholding tax formalities for non-US entities receiving payments from the US.  What once was a one-page form to claim reduced rates of withholding on payments from US sources became an eight-page document presenting new categories of companies, new definitions and new requirements that are incomprehensible to many non-US entities that must complete one to ensure that a 30% US withholding tax is not deducted by US withholding agents.

     

    The IRS had announced a period of leniency for good faith mistakes in FATCA compliance and in the completion of the Form W-8BEN E for 2014 and 2015.  But, in 2016, the period of lenience officially ends and the IRS is supposed to be enforcing the withholding tax compliance formalities with full vigor.

     

    Does your company receive payments from US counterparts or subsidiaries or other payors that may potentially be subject to US withholding tax? 

     

    The Taxation Committee of the American Chamber of Commerce is pleased to invite you to their AmCham Insights breakfast roundtable to discuss the Form W-8BEN E and your experiences and questions with the new US withholding tax form, to be held on

     

     

     

    Tuesday, 20 October 2015

     

    8:30 – 10:00

     

    AmCham France

     

    77 rue de Miromesnil – 75008 Paris

     

      

     

    During this meeting, we will review the Form W-8BEN-E itself, and we anticipate discussions of the following questions:

     

    The meaning of the various categories of entity added to the form since FATCA went into effect;

     

    How to adapt the form to IGA categories and definitions;

     

    The circumstances in which the form must be completed;

     

    Implications for individual officers signing under penalties of perjury

     

     

     

    Discussions will be led by Diane Juzaitis, an Ernst & Young FATCA specialist, and representatives of persons and companies affected are heartily invited to share their views and experiences .