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This form is used to certify the status of foreign entities and individuals for purposes of U.S. tax withholding, allowing certain foreign intermediaries and branches to claim eligibility for exemption
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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 your name and the name of your organization, if applicable, in the appropriate fields.
03
Provide your country of incorporation or organization if you are an entity.
04
Indicate your chapter status under any relevant tax treaty.
05
Complete the section for the entity's disregarded entity status, if applicable.
06
Enter the US TIN (Tax Identification Number) if required.
07
Sign and date the form certifying that all information is accurate.
08
Submit the completed form to the withholding agent, not to the IRS.

Who needs W-8IMY?

01
The W-8IMY form is needed by foreign intermediaries, partnerships, and certain types of trusts who receive payments from U.S. sources.
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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 form used by foreign entities to certify their status as intermediaries, flow-through entities, or certain U.S. tax-exempt organizations for tax withholding purposes.
Foreign intermediaries, flow-through entities, and certain payment beneficiaries that receive U.S. source income on behalf of others are required to file W-8IMY.
To fill out W-8IMY, you need to provide the entity's name, address, type of entity, and certifications regarding U.S. source income and withholding tax responsibilities.
The purpose of W-8IMY is to provide documentation for withholding agents to determine the correct rate of withholding on payments made to foreign entities.
The information that must be reported on W-8IMY includes the name and address of the entity, country of incorporation or organization, type of entity, and any applicable certifications related to U.S. tax responsibilities.
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