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FormW8IMY(Rev. September 2016) Department of the Treasury Internal Revenue ServiceCertificate of Foreign Intermediary, Foreign FlowThrough Entity, or Certain U.S. Branches for United States Tax Withholding
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Participating FFI stands for Participating Foreign Financial Institution, which is a category of foreign financial institutions that have agreed to comply with the FATCA regulations.
Foreign financial institutions that have entered into an agreement with the IRS to comply with FATCA regulations are required to file participating ffi.
Participating FFIs can fill out their FATCA reporting obligations using the IRS FATCA reporting portal.
The purpose of participating ffi is to ensure that foreign financial institutions comply with FATCA regulations and report on U.S. account holders to the IRS.
Participating FFIs must report on the accounts held by U.S. persons, including their account balances, income, and other relevant information.
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