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Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding. This form is used by foreign persons to claim tax treaty benefits and
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How to fill out w-8imy

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How to fill out W-8IMY

01
Obtain the W-8IMY form from the IRS website or your financial institution.
02
Fill in the name of the entity in Part I.
03
Provide the country of incorporation or organization in the appropriate field.
04
Complete the entity's address in Part I.
05
Indicate the type of entity in the 'Type of Entity' section.
06
If applicable, provide the relevant U.S. TIN (Tax Identification Number) or foreign tax identification number.
07
In Part II, specify the chapter 4 status of the entity.
08
Complete any additional information requested in Part III regarding the beneficial owner.
09
Sign and date the form, certifying that the information provided is accurate.
10
Submit the completed form to the withholding agent or financial institution.

Who needs W-8IMY?

01
Entities that receive income from U.S. sources and are claiming a reduced rate or exemption from withholding tax.
02
Foreign intermediaries acting on behalf of another beneficial owner.
03
Foreign flow-through entities that are receiving payments on behalf of their owners.
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You must give Form W-8 ECI to the withholding agent or payer if you are a foreign person and you are the beneficial owner of U.S. source income that is (or is deemed to be) effectively connected with the conduct of a trade or business within the United States.
The W-8BEN is a tax document for non-US taxpayers who earn US-sourced income, such as interest on a savings account. It determines how much of your earned income, if any, should be withheld by the IRS.
Form W-8IMY is the "Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting." The purpose of the form is to certify that a person or business received withholdable payments on behalf of a foreigner or as a flow-through entity.
Generally, a Form W-8IMY remains valid until the status of the person whose name is on the certificate is changed in a way relevant to the certificate or there is a change in circumstances that makes the information on the certificate no longer correct.
For example, if you're a non–resident who earns interest from U.S.-issued securities, you will need to file a W-8BEN. If you're a foreign business owner with income from entities based in the U.S., you'll complete Form W-8BEN-E.
Form W-8 BEN-E is used by foreign entities to document their status for purposes of chapter 3 and chapter 4, as well as other code provisions.
You must give Form W-8BEN to the withholding agent or payer if you are a nonresident alien who is the beneficial owner of an amount subject to withholding, or if you are an account holder of an FFI documenting yourself as a nonresident alien.
Who Must Provide Form W-8BEN-E. You must give Form W-8BEN-E to the withholding agent or payer if you are a foreign entity receiving a withholdable payment from a withholding agent, receiving a payment subject to chapter 3 withholding, or if you are an entity maintaining an account with an FFI requesting this form.

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W-8IMY is a tax form used by certain foreign entities to certify their status under U.S. tax law. It is typically used by intermediaries, partnerships, and certain foreign entities receiving payments that may be subject to U.S. withholding tax.
Entities that act as intermediaries, such as foreign partnerships and other foreign entities that receive payments for their own benefit as well as for the benefit of their clients, are required to file W-8IMY.
To fill out W-8IMY, the entity must provide its name, country of incorporation, and tax identification number, indicate its capacity (i.e., intermediary or flow-through entity), and certify its status. Additional information regarding beneficial owners may also be required.
The purpose of W-8IMY is to provide U.S. payers with information about the foreign intermediary's status and to claim a reduced rate of withholding tax on payments received from U.S. sources for the benefit of its clients.
W-8IMY must report the entity's name, address, country of incorporation, taxpayer identification number, type of entity, and any relevant details regarding beneficial owners receiving payments through the intermediary.
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