US Withholding Tax Forms
Babcock & Brown Infrastructure (BBI) recently acquired an interest in the Natural Gas Pipeline Company of America (NGPL).
The transaction requires BBI Securityholders to complete a United States (US) withholding tax form to avoid US withholding tax being deducted from future BBI distributions.
Failure to correctly complete and return a form will result in up to 30 percent US withholding tax being deducted from a portion of Securityholders' future distributions from BBI.
General Guidance for Completing IRS Forms
The type of IRS withholding tax form that a Registered Securityholder is required to complete will depend on how the Securityholder is characterised for US tax purposes. The table below indicates which IRS withholding tax form is typically appropriate for completion by certain entities.
This is a general guide only. BBI is not in a position to provide tax advice to Securityholders in relation to the withholding tax form that should be completed.
BBI recommends that Securityholders seek their own independent tax advice and refer to the IRS instructions available via the links below. The table provides guidance for Securityholders to determine how they might be characterised for US tax purposes. The links on the right hand side will direct Securityholders to further information with regard to completing the forms.
BBI Securityholder Infoline
Securityholders can contact the BBI Securityholder Infoline on:
- 1800 643 394 (within Australia)
- +61 2 8280 7584 (outside Australia)
between 8.30am and 7.30pm, Monday to Friday (Sydney time).