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Non-U.S. entity directing payment to another entity
December 4, 2023
Q. We would like to confirm which party or parties we need to consider for tax information reporting purposes under two different scenarios. Scenario 1: Party A, a US entity, is contractually obligated to pay Party B, a non-US entity. Party B requests that Party A pay Party C, a non-US entity and a sister entity to Party B (for convenience Party B is asking that payment be made to Party C). Do we need withholding certificates from both parties? Which party do we need to treat as the payee or do…
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