Page 10 - U.S, International Taxation Inbound - Outbound Transactions_Neat

Compliance When due Who must file Purpose of Form
Form
Inbound 1042-S (FDAP March 15 FDAP income Is required to be given to the
The payor of
following the year of payment
Income subject
recipient of the income by 3/15
Transactions to withholding) March 15 The payor of Used to transmit paper Forms 1042-S
1042-T
with forms 1042-S
FDAP income
(continued) 1042 March 15 following the year of The payor of To report tax withheld on foreign
persons FDAP income
FDAP income
payment
W-8BEN Foreign persons must file with Foreign person Certificate of foreign status of
each payor when claiming beneficial owner for U.S. tax
foreign status withholding
Tax Compliance Forms – W-8ECI Foreign persons or companies Foreign person Certificate of foreign person’s claim
or Company
claiming EBT status must file with
that income is EBT
Foreign Persons each payor when claiming
foreign status