26 U.S. Code § 1472 - Withholdable payments to other foreign entities
Withholdable payments to other foreign entities
(a) In generalIn the case of any withholdable payment to a non-financial foreign entity, if—
the requirements of subsection (b) are not met with respect to such beneficial owner,
then the withholding agent with respect to such payment shall deduct and withhold from such payment a tax equal to 30 percent of the amount of such payment.
(b) Requirements for waiver of withholdingThe requirements of this subsection are met with respect to the beneficial owner of a payment if—
(1) such beneficial owner or the payee provides the withholding agent with either—
the withholding agent does not know, or have reason to know, that any information provided under paragraph (1) is incorrect, and
the withholding agent reports the information provided under paragraph (1)(B) to the Secretary in such manner as the Secretary may provide.
(c) ExceptionsSubsection (a) shall not apply to—
(1) except as otherwise provided by the Secretary, any payment beneficially owned by—
any corporation the stock of which is regularly traded on an established securities market,
any international organization or any wholly owned agency or instrumentality thereof,
any foreign central bank of issue, or
(d) Non-financial foreign entity
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