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SWIFT ISO15022 Norm
Detailansicht für Nachricht MT574.W8BENO - IRS 1441 NRA-Formular W8-BEN

  Verwendung der Nachricht MT574.W8BENO

Certifies the foreign status of a beneficial owner for United States tax withholding

  Anwendungsfeld der Nachricht MT574.W8BENO

The appropriate format validation of the IRS Form W8-BEN of the MT 574 IRS 1441 NRA is triggered by the code W8BENO in field 119 ({3:{119:W8BENO}}) of the user header of the message (block 3).

Form W8-BEN: Scope

This message is sent once per year by every Non-Qualified Intermediary (NQI) to their Withholding Qualified Intermediary (QI) for each customer who owns a U.S. security. If a Form W8-BEN contains a tax identification number, it is valid forever; if not, it is valid for a period of 3 years unless there is a change in information.

This message is used to certify the foreign status of a beneficial owner for United States Tax Withholding. Foreign persons are subject to U.S. tax at a 30% rate on income they receive from U.S. sources that consists of: interest (including certain original issue discount(OID)); dividends; rents; royalties; premiums; annuities; compensation for, or in expectation of, services performed; substitute payments in a securities lending transaction or other fixed or determinable annual or periodical gains, profits or income.

More generally, this message can be sent to provide beneficial owner information required to process withholding tax reclaims and applications for relief at source.

If you receive certain types of income, you must provide Form W8-BEN to:

  • establish that you are a foreign person,
  • claim that you are the beneficial owner of the income for which Form W8-BEN is being provided,
  • if applicable, claim a reduced rate of, or exemption from, withholding as a resident of a foreign country with which the United States has an income tax treaty.

You may also be required to submit Form W8-BEN to claim an exception from domestic information reporting and backup withholding at a 31% rate, including for certain types of income that are not subject to foreign-person withholding.

You may also use Form W8-BEN to certify that income from a notional principal contract is not effectively connected with the conduct of a trade or business in the United States.

Provide Form W8-BEN to the withholding agent or payer before income is paid or credited to you. Failure to provide a Form W8-BEN when requested may lead to withholding of a 30% or 31% amount from the payment.

This message may also be used to:

  • request the cancellation of a previously sent Form W8-BEN,
  • replace a previously sent Form W8-BEN if a change in circumstances makes any information about the Form W8-BEN you have submitted incorrect (you must notify the withholding agent or payer within 30 days of the change in circumstances and you must file a new Form W8-BEN or other appropriate form).

  Struktur der Nachricht MT574.W8BENO

Sequenz A - General information  [ obligatorisch, nicht wiederholend ]
No.
Tag
Option
Name
Status
1
16R
 
Start of Block
M
2
28E
 
Page Number/Continuation Indicator
M
3
20C
 
Reference
M
4
23G
 
Function of the Message
M
5
98a
A
Date/Time: Preparation Date
M
 
 
C
 
 
 
 
E
 
 
Sequenz A1 - Linkages  [ fakultativ, wiederholend ]
No.
Tag
Option
Name
Status
6
16R
 
Start of Block
M
7
13a
A
Number Identification: Linked Message
O
 
 
B
 
 
8
20C
 
Reference
M
9
16S
 
End of Block
M
10
16S
 
End of Block
M
Sequenz B - Beneficial Owner Details  [ obligatorisch, wiederholend ]
No.
Tag
Option
Name
Status
11
16R
 
Start of Block
M
12
97A
 
Account: Safekeeping Account
O
13
22F
 
Indicator: Type of Beneficial Owner
M
Sequenz B1 - Address  [ obligatorisch, wiederholend ]
No.
Tag
Option
Name
Status
14
16R
 
Start of Block
M
15
17B
 
Flag
M
16
95a
S
Party
M
 
 
T
 
 
17
94a
C
Place
M
 
 
D
 
 
 
 
G
 
 
18
13B
 
Number Identification: Postal Code
O
19
16S
 
End of Block
M
Sequenz B2 - Claim of Tax Treaty Benefits  [ fakultativ, nicht wiederholend ]
No.
Tag
Option
Name
Status
20
16R
 
Start of Block
M
21
94C
 
Place: Country of Residence
O
22
17B
 
Flag
O
23
70E
 
Narrative: Information to be Complied With
O
24
16S
 
End of Block
M
Sequenz B3 - Notional Principal Contracts  [ obligatorisch, nicht wiederholend ]
No.
Tag
Option
Name
Status
25
16R
 
Start of Block
M
26
17B
 
Flag: Notional Principal Contracts Flag
O
27
16S
 
End of Block
M
Sequenz B4 - Certified Signature  [ obligatorisch, nicht wiederholend ]
No.
Tag
Option
Name
Status
28
16R
 
Start of Block
M
29
95Q
 
Party: Certifying Party Signature
M
30
16S
 
End of Block
M
31
16S
 
End of Block
M
Sequenz C - Additional Information  [ fakultativ, nicht wiederholend ]
No.
Tag
Option
Name
Status
32
16R
 
Start of Block
M
33
95a
P
Party
O
 
 
Q
 
 
 
 
R
 
 
34
70E
 
Narrative: Additional Text
O
35
16S
 
End of Block
M