Foreign securities

Tax Reliefs Applicable for Income Payment on U.S. Securities. IRS Forms

When income is paid on U.S. securities, NSD provides services that allow reducing the tax rate as part of the ‘Withholding Tax Relief Certification’ (WTRC) corporate action. Information on the possibility to apply tax exemptions and reliefs and information on how these could be applied is communicated directly to holders of U.S. securities before the payment of income on such securities. Time limits for submission of applications for the participation in the ‘Withholding Tax Relief Certification’ (WTRC) corporate action are determined on a case-by-case basis for each particular income payment on U.S. securities in line with the time limits determined for information disclosure to the relevant ICSD, and are communicated to the holders of the relevant U.S. securities.

• For owner securities accounts:
  • Completed and signed Form W-8BEN-E (Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities);
  • Completed and signed Form W-8EXP (Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting);
  • Completed and signed Form W-ECI (Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States);
• For nominee securities accounts and trustee securities accounts:
  • Completed and signed Form W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting) – for each intermediary (nominee holder) in the chain of holders of securities subject to the corporate action;
  • If the beneficial owner of income is an individual – completed and signed Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals));
  • If the beneficial owner of income is an entity – completed and signed Form W-8BEN-E (Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities));
  • If the beneficial owner of income is a foreign government, international organization, foreign central bank of issue, foreign tax-exempt organization, foreign private foundation, or the government of a U.S. possession receiving a taxable payment or a payment from which tax is to be withheld in accordance with Chapter 3 of the U.S. Internal Revenue Code) – completed and signed Form W-8EXP (Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting);
  • If the beneficial owner of is a foreign person and the beneficial owner of income from a U.S. source that is (or is deemed to be) effectively connected with the conduct of a trade or business in the United States – completed and signed Form W-ECI (Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States);
  • If the beneficial owner is a U.S. person – completed and signed Form W-9 (Request for Taxpayer Identification Number and Certification).

Forms for IRS Tax Procedures

#	Form	Name	Form Completion Instructions
			In Russian	In English
W-8BEN	70 kB	Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding		193 kB
W-8BEN-E	293 kB	Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)		240 kB
W-8IMY	305 kB	Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding		250 kB
W-8EXP	180 kB	Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting		185 kB
W-8ECI	140 kB	Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States		150 kB
W-9	127 kB	Request for Taxpayer Identification Number and Certification		147 kB