Transcription of Qualified Intermediary Agreement SECTION 1. PURPOSE
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Qualified Intermediary Agreement Revenue Procedure 2017-15 SECTION 1. PURPOSE .01 In General. This Revenue Procedure sets forth the final Qualified Intermediary (QI) withholding Agreement (QI Agreement ) entered into under (e)(5).1 In general, the QI Agreement allows foreign persons to enter into an Agreement with the Internal Revenue Service (IRS) to simplify their obligations as withholding agents under chapters 3 and 4 and as payors under chapter 61 and SECTION 3406 for amounts paid to their account holders. The QI Agreement also allows certain foreign persons to enter into an Agreement with the IRS to act as Qualified derivatives dealers (QDDs) and to assume primary withholding and reporting responsibilities on all dividend equivalent payments that they make.
An FFI that is a certified deemed-compliant FFI (including a nonreporting IGA FFI, as defined in §1.1471-1(b)(83)) may enter into a QI agreement if the FFI is able to and agrees to assume the obligations of, and to be treated as, a
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