Substitute IRS Form W-8BEN-E

Do NOT use this form for: Instead use IRS Form:

• U.S. entity or U.S. citizen or resident . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . W-9
• A foreign individual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . W-8BEN (Individual)
A foreign individual or entity claiming that income is effectively connected with the conduct of trade or
business within the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . W-8ECI

Account holder information required for self-certification and substitute Form W-8BEN-E

Part I Identification of Beneficial Owner

1. Name of Organization that is the beneficial owner 2. Country of incorporation or organization

3. Permanent residence address (street, apt, or suite no., or rural route). Do not use a P.O. box or in-care-of address (other than a registered address)

City or town, state or province. Included postal code where appropriate Country

4.Mailing address (if different from above)

City or town, state or province. Included postal code where appropriate Country

5. U.S. taxpayer identification number (TIN) 5a. GIIN 5b. Non-US TIN

6. Reference number(s) (see instructions)

Part II Chapter 3 Status (entity type)

Simple trust Grantor trust Corporation Partnership
Central Bank of issue Tax-exempt organization Complex Trust Estate
Private foundation International organization Disregarded entity Government

Certification
Under penalties of perjury, I declare that I have examined the information on this form and to the best of my knowledge and belief it
is true, correct, and complete. I further certify under penalties of perjury that:
The entity identified on line 1 of this form is the beneficial owner of all the income to which this form relates, is using this form
to certify its status for chapter 4 purposes, or is a merchant submitting this form for purposes of section 6050W;
The entity identified on line 1 of this form is not a U.S. person;
The income to which this form relates is: (a) not effectively connected with the conduct of a trade or business in the United
States, (b) effectively connected but is not subject to tax under an income tax treaty, or (c) the partner's share of a partnership's
effectively connected income; and
For broker transactions or barter exchanges, the beneficial owner is an exempt foreign person as defined in the instructions.

Furthermore, I authorize this form to be provided to any withholding agent that has control, receipt, or custody of the income of
which the entity on line 1 is the beneficial owner or any withholding agent that can disburse or make payments of the income of
which the entity on line 1 is the beneficial owner.

I agree that I will submit a new form within 30 days if any certification on this form becomes incorrect.
Self-certification for FATCA purposes
1. If the entity is a registered financial institution, please tick one of the below categories, and provide the entity’s FATCA GIIN below.
IGA partner jurisdiction financial institution
Registered-deemed compliant Foreign Financial Institution (FFI)
Participating Foreign Financial Institution (FFI)
2. Please provide your Global Intermediary Identification Number (GIIN) if applicable:_________________________________________

3. If the entity is a financial institution but unable to provide a GIIN, please tick one of the below reasons:
The entity is a non-participating FFI
The entity is a certified deemed-compliant, or otherwise non-reporting, FFI (including a FFI deemed compliant under
Annex II of an IGA, except for a trustee documented trust or sponsored FFI.). Indicate exemption: _______________
_______________________________________________________________________________________________.

4. If the entity is not an FFI, please confirm the entity's FATCA status below:
The entity is an exempt beneficial owner. Indicate status: _______________________________________________.
The entity is an active non-financial foreign entity (NFFE) (including an exempted NFFE and publicly traded NFFE).
The entity is a passive non-financial foreign entity.
For passive NFFE only: Provide U.S. controlling person/substantial U.S. owner information
SSN/U.S. Tax Identification
Name (First and Last) Permanent residence address (include City and Country)
Number
First: Address:
Last: City:
Country:
First: Address:
Last: City:
Country:

First: Address:
Last: City:
Country:

First: Address:
Last: City:
Country:
First: Address:
Last: City:
Country:

Declaration of FATCA self-certification

I declare (as an authorized signatory of the entity) that the information provided in this form is, to the best of my/our
knowledge and belief, accurate and complete. I undertake to advise the recipient promptly and provide an updated Self-
Certification form within 30 days where any change in circumstances occurs, which causes any of the information contained
in this form to be inaccurate or incomplete. Where legally obligated to do so, I hereby consent to the recipient sharing this
information with the relevant tax information authorities.

I certify that I have the capacity to sign for the entity identified on line 1 of this form.

The Internal Revenue Service does not require your consent to any provisions of this document other than the certifications
required to establish your status as a non-U.S. individual and, if applicable, obtain a reduced rate of withholding.

Sign
Here:

Signature of individual authorized to sign for beneficial owner Print First and Last Name Date
Appendix

List of Exempt Beneficial Owner statuses for Part 4 of the ‘Self-Certification for FATCA purposes’
1. Governmental Entity
2. International Organization
3. Central Bank
4. Not for profit organization
5. Broad or Narrow Participation Retirement Fund
6. Pension Fund of an exempt beneficial owner
7. Investment Entity Wholly Owned by Exempt Beneficial Owners
Customer instructions for PayPal Substitute Form W-
8BEN-E and FATCA Self Certification
The following provides direction for our customers in regard to completing PayPal’s substitute Form W-8BEN-E and FATCA self-
certification. For additional guidance, please see the IRS Form W-8BEN-E instructions, here.
Substitute Form W-8BEN-E Part 1
Required to be
Box Number populated? Instructions Example
(Yes, No, Only When)
For Entities: Provide the full name of the entity that holds the account with PayPal. This
name should be consistent with the account information for PayPal.
CORRECT: The Alpha Corporation
Note: This substitute Form W-8BEN-E is not to be used by sole proprietorship or individual
Box 1 (Name of organization account holders. If you have been directed to complete a paper form on behalf of an
Yes NOT CORRECT: Alpha
that is the beneficial owner) individual or a sole proprietorship, please complete the current version of the IRS Form (Not correct because the full name of the entity that holds the account
W-8BEN and upload or provide this file as required. The latest IRS Form W-8BEN can be with PayPal is not provided)
found here. Please contact customer support if you need to provide a Form W-8BEN or
different tax form.
If you are a corporation, enter the full name of your country of incorporation. If you are
CORRECT: United Kingdom, Luxembourg
another type of entity, enter the country under whose laws you are created, organized, or
Box 2 (Country of
Yes governed. For practical reasons an abbreviation of the jurisdiction is not be accepted, but
incorporation or organization) NOT CORRECT: UK, Lux
an exception may be provided if other existing documentation available to PayPal can
(Not correct because the country of incorporation is abbreviated)
provide a clear conclusion of the actual country of incorporation.
Enter the permanent residence address of the entity identified on line 1. Your permanent
address is the address in the country where you claim to be a resident for purposes of that CORRECT:
country’s income tax. Do not show the address of a financial institution (unless you are a The Alpha Corporation
financial institution providing your own address), a post office box, or an address used 14 Berkeley Street
solely for mailing purposes unless it is the only address you use and it appears in your London, England W1T 1JY
The Alpha Corporation
organizational documents (that is, your registered address). If you do not have a tax
2132, 33rd Ave
Box 3 (Permanent residence residence in any country, the permanent residence address is where you maintain your NOT CORRECT:
Yes New York, NY, 11101
address) principal office. The Alpha Corporation
(not correct because a US permanent
PO BOX 123
address suggest the entity is a US entity.
If an entity’s permanent residence is located in the United States, normally the entity London, England W1T 1JY
US entities should not use Forms W-8)
should not complete a Form W-8BEN-E and instead identify itself as a US entity and (not correct if a
provide an IRS Form W-9 or equivalent. Please consult a tax advisor if you have PO Box is used that is not
questions. the registered address)
 Substitute W-8BEN-E Part 1 (continued)
Required to be populated?
Box Number Instructions Example
(Yes, No, Only if)
Enter your mailing address only if it is different from the address on line 3. CORRECT: The Alpha Corporation
PO BOX 123
If the mailing address is in the U.S. you must also provide additional London, England W1T 1JY
Box 4 (Mailing address) No documentation to PayPal to demonstrate you are not a U.S. entity. If you provide
a U.S. mailing address, please upload the entity’s articles of incorporation, NOT CORRECT: The Alpha Corporation (not correct unless additional
organizational or similar documents verifying the entity is incorporated or 2132, 33rd Ave documents are provided to show
organized in a jurisdiction outside of the United States. New York, NY, 11101 non-US organization or incorporation)
CORRECT Format for US TIN (example): 13-8908427 or 138908427 or
Box 5 (U.S. Tax
No Provide the Entity’s US TIN if it has one.
Identification Number) NOT CORRECT: 1234VPO9W, 12345678, 123-45-678
(not correct because the TIN is not formatted like a US TIN)
Please provide your global intermediary identification number (GIIN) If you have
one. You must provide a GIIN assigned to the entity by the IRS if the entity’s
CORRECT: 1293FT.A0846.SP.109 OR Applied For
FATCA classification is one of the following:
Only to complete if the • IGA partner jurisdiction Financial Institution
NOT CORRECT: 14329570894
Account Holder identified • Registered-deemed compliant Foreign Financial Institution
(not correct because the GIIN is not provided in the correct format as
Box 5a. (GIIN) in Line 1 of this form is • Participating Foreign Financial Institution (FFI)
provided by the IRS)
registered as a financial
Make sure the GIIN follows this format: XXXXX.XXXXX.XX.XXX
Institution under FATCA
If entity has applied for a GIIN but has not yet obtained one, it may write “applied
for” in this box. A valid GIIN must be submitted by the account holder within 90
days of receiving the self-certification.
Not required for PayPal The entity’s foreign (non-US) taxpayer identification number (TIN) should be
customers documenting provided if the entity’s country of residence has issued the entity a Foreign TIN.
their non-US status for
1099-K purposes. The only instance when a Foreign TIN is required is if all the following
circumstances apply:
Only If the Account Holder • The entity claims a FATCA status of Passive Non-Financial Foreign Entity
Box 5b. (Foreign TIN) Foreign TIN formats vary by jurisdiction.
is a Passive NFFE with US • The entity has provided a list of 1 more US controlling person in the
Substantial owners, and Controlling Persons section of the Form
the Passive NFFE has a • The entity has its country of incorporation or organization in Canada or Brazil,
country of incorporation or and
organization of Canada or • The foreign TIN has not already been collected by PayPal.
Brazil
 Substitute W-8BEN-E Part 1 (continued)
Required to be populated?
Box Number Instructions Example
(Yes, No, Only if)
Box 6 can be used by the customer to provide any information that may be useful to PayPal to document
the account or to associate the Form Substitute W-8BEN-E with the PayPal account.

Box 6
Reference No
Number(s)

Substitute Form W-8BEN-E Part II – Chapter 3 Status

This field is optional and may be left blank. If you complete this field, check only one box indicating the
type of entity that is listed on line 1 of the Form. CORRECT:

Part II No If you are a disregarded entity for US tax purposes whose regarded owner is a US person or US entity,
please provide an IRS Form W-9 for the US person or entity instead of this Form. Please contact NOT CORRECT:
customer support if you have questions.
(Not correct because multiple entity types selected)

Self-Certification for FATCA purposes

CORRECT for
An IGA partner
Jurisdiction
Financial
institution:
Check only one box indicating the type of entity that is either a:
• Intergovernmental Agreement (IGA) partner jurisdiction financial institution (such as a Reporting
Model 1 or Reporting Model 2 FFI)
Only if the account holder is
• Registered-deemed compliant Foreign Financial Institution
Line 1 a registered Financial
• Participating Foreign Financial Institution NOT CORRECT:
Institution
Leave Line 1 blank if the entity is not a registered financial institution.

(Not correct because more than one box in Line 1, 3,

and 4 is selected indicating a FATCA classification)
 Self-Certification for FATCA purposes
Box Required to be populated?
Directions Example
Number (Yes, No, Only if)
A GIIN must be provided for any of these types of entity FATCA classifications provided on
the PayPal self-certification:
Only if the Account that is • IGA partner jurisdiction Financial Institution CORRECT (assuming the entity was issued a GIIN by the IRS or has applied for a GIIN):
identified in Line 1 of the • Registered-deemed compliant Foreign Financial Institution 1293FT.A0846.SP.109 OR Applied For
Self-Certification Holder is • Participating Foreign Financial Institution (FFI)
Line 2 registered as a financial Make sure the GIIN follows this format: XXXXX.XXXXX.XX.XXX NOT CORRECT: 14329570894
Institution for FATCA (not correct because the GIIN is not provided in the correct format as provided by the IRS,
purposes. If you have applied for a GIIN but have not yet obtained one, you may write “applied for” if required)
in this box. A valid GIIN must be provided to PayPal within 90 days of providing this self-
certification. If a GIIN is provided on Line 2 of the Self-certification, it should match the
GIIN on Part 1, Line 5a. of the Substitute W-8BEN-E.
CORRECT (assuming the entity is a Certified Deemed Compliant FFI under an applicable
Check only one box indicating the type of entity that is either a: IGA):
• Financial Institution exempt from having to provide a GIN
• Non-participating FFI
Certified Deemed Compliant FFI
Only if the Account
‫‏‬

If you checked the box that certifying the Financial Institution is exempt from having to
Holder is a financial
Line 3 provide a GIIN, the entity must indicate its exemption status on the line to the right. The
Institution unable to NOT CORRECT:
exemption status are provided in the main body of line 3. Please refer to the FATCA
provide a GIIN
instructions and definitions or local IGA guidance for more information on exemptions.
Leave Line 3 blank if the entity is not a financial institution that is unable to provide a
GIIN. (Not correct because an exemption is indicated, but an exemption explanation is not
provided)
 Self-Certification for FATCA purposes
Box Required to be populated?
Directions Example
Number (Yes, No, Only if)
Check only one box indicating the type of entity that is either a: CORRECT (assuming the account holder is Broad Participation Retirement Fund under an
• Exempt Beneficial Owner applicable IGA):
• Active non-financial Foreign entity
• Passive non-financial Foreign entity
Broad Participation Retirement Fund
‫‏‬

Leave Line 4 blank if one of the entity types listed on line 4 does not apply.
Please consult the FATCA definitions for more information.

If you checked the line 4 box certifying that the entity is an exempt beneficial owner, you
must indicate its exemption status from the list of exempt entities provided in the
appendix to the self-certification. For more information on exempt beneficial owner
status, see the FATCA definitions in these instructions or refer to the local guidance under NOT CORRECT:
Only if the Account
the relevant IGAs noted in these instructions or consult a tax advisor.
Holder is an entity other
Line 4
than a Financial Institution
If you checked the box certifying that the entity is a Passive non-financial foreign entity, (Not correct because the “exempt beneficial owner” status was selected, but an exempt
you must list its U.S. Controlling Persons / Substantial U.S. Owner information in the beneficial owner status is not provided)
applicable section of the self-certification. For more information, see the FATCA
definitions in these instructions or consult a tax advisor.

You may only certify that the entity is a publicly traded entity or an affiliate of a publicly
traded entity if the entity is traded on a qualified stock exchange.

Please note: If the Self-certification does not provide a FATCA status by selecting one and
only one box from lines 1, 3, or 4, the Self-certification for FATCA purposes will not be
valid. Further, if more than one box is selected from lines 1, 3, or 4, the Self-certification
for FATCA purposes will also not be valid.
 For Passive NFFE Only: U.S. controlling person / substantial U.S. owner information
Required to be
Box Number populated? Directions Example
(Yes, No, Only if)
Leave blank if the account holder is either not a passive non-financial foreign entity OR the
entity is a passive non-financial foreign entity and does not have any US Controlling Persons or
Substantial US Owners as required. Please see the FATCA definitions for more information or
consult with a tax advisor. CORRECT (assuming the entity is a passive NFFE with a US Controlling Person
Only if the Line 4 or Substantial US owner):
Otherwise, if the entity is a passive non-financial foreign entity and has Substantial US Owners or
U.S. “passive non-financial John Smith | 123 5th Ave New York, NY | 138-90-8427
US Controlling Persons:
controlling foreign entity” is
persons/subst checked and the • List the First and Last name of each Substantial US Owner or US Controlling Person in the NOT CORRECT:
antial U.S. entity has Substantial space provided. If providing this self certification to a PayPal entity in a jurisdiction governed John | 123 5th Ave New York, NY
owner US Owners or US by an IGA listed in Appendix 2 of these instructions, than US Controlling Persons must be (Not correct because the US Controlling Person’s or Substantial US Owner’s
information Controlling Persons provided. US Controlling Persons can only be a natural persons and cannot be an entity. TIN is not provided)
• Make sure a 9-digit US TIN is provided for each US Controlling Person or Substantial US
Owner. The TIN format should be in the format of XXX-XX-XXXX.
• Make sure the City and Country in which the Controlling Person or Substantial US Owner
resides is provided.

Declaration, Signature, Printed Name, Date and Certification of Capacity to sign

CORRECT: John Smith 7/7/17

Signature Make sure the form is signed and dated. It is required that in addition to the signature you print
Yes
Box your name. Do not alter or delete any of the certifications. NOT CORRECT: John Smith 7/7/17
(Not correct because a signature must be provided)
Appendix 1 | Glossary: The below provides general definitions to the terms used in the certification.
For‫ ‏‬detailed‫ ‏‬definitions,‫ ‏‬please‫‏‬r efer‫ ‏‬to‫ ‏‬an‫ ‏‬Intergovernmental‫ ‏‬Agreement‫“( ‏‬IGA”)‫ ‏‬applicable‫ ‏‬to‫ ‏‬the‫ ‏‬jurisdiction‫ ‏‬where‫‏‬t he‫ ‏‬PayPal account is maintained as noted in Appendix 2, or to Chapter 4 of
the United States Internal Revenue Code, associated US Treasury Regulations, and other IRS Guidance.
Term Definition

The named owner of the account that is listed or identified as the holder of a the account by the PayPal entity that maintains the account. PayPal’s policy’s and
user agreements require that the named owner of a PayPal account be the owner of the account and that the named owner of a PayPal account is not holding
Account the account for the benefit of another person unless an exception has been approved by PayPal. If the entity listed on line 1 of this Form is not the owner of the
Holder account or the PayPal account is being held for the benefit of someone other than the named owner on the account, this Substitute Form W-8BEN-E may not be
appropriate for the account. Please contact PayPal customer service if you believe it is the case.

Any NFFE which is a Non U.S. entity that meets any of the following criteria:
a) Less than 50 percent of the NFFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50 percent of the
assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income;
b) The stock of the NFFE is regularly traded on an established securities market or the NFFE is a Related Entity of an Entity the stock of which is traded on an established
securities market;
c) The NFFE is organized in a U.S. Territory and all of the owners of the payee are bona fide residents of that U.S. Territory;
d) The NFFE is a non-U.S. government, a government of a U.S. Territory, an international organization, a non-U.S. central bank of issue, or an Entity wholly owned by one or
more of the foregoing;
e) Substantially all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, and providing financing and services to, one or more subsidiaries
that engage in trades or businesses other than the business of a Financial Institution, except that an NFFE shall not qualify for this status if the NFFE functions (or holds itself
out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund or any investment vehicle whose purpose is to acquire or fund
companies and then hold interests in those companies as capital assets for investment purposes;
f) The NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a
Active Non- Financial Institution; provided, that the NFFE shall not qualify for this exception after the date that is 24 months after the date of the initial organization of the NFFE;
Financial g) The NFFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence
Foreign operations in a business other than that of a Financial Institution;
Entity h) The NFFE primarily engages in financing and hedging transactions with or for Related Entities that are not Financial Institutions, and does not provide financing or hedging
(Active services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial
NFFE) Institution; or
i) The NFFE is an “excepted NFFE” as described in relevant U.S. Treasury Regulations; or
j) The NFFE meets all of the following requirements:
i. It is established and maintained in its country of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic or educational purposes; or it is
established and operated in its jurisdiction of residence and it is a professional organization, business league, chamber of commerce, labor organization, agricultural or
horticultural organization, civic league or an organization operated exclusively for the promotion of social welfare;
ii. It is exempt from income tax in its country of residence;
iii. It has no shareholders or members who have a proprietary or beneficial interest in its income or assets;
iv. The applicable laws of the Entity’s country of residence or the Entity’s formation documents do not permit any income or assets of the Entity to be distributed to, or
applied for the benefit of, a private person or non- charitable Entity other than pursuant to the conduct of the Entity’s charitable activities, or as payment of reasonable
compensation for services rendered, or as payment representing the fair market value of property which the Entity has purchased; and
v. The applicable laws of the Entity’s country of residence or the Entity’s formation documents require that, upon the Entity’s liquidation or dissolution, all of its assets be
distributed to a governmental entity or other non-profit organization, or escheat to the government of the Entity’s jurisdiction of residence or any political subdivision
thereof.
Appendix 1 | Glossary: The below provides general definitions to the terms used in the certification.
For‫ ‏‬detailed‫ ‏‬definitions,‫ ‏‬please‫‏‬r efer‫ ‏‬to‫ ‏‬an‫ ‏‬Intergovernmental‫ ‏‬Agreement‫“( ‏‬IGA”)‫ ‏‬applicable‫ ‏‬to‫ ‏‬the‫ ‏‬jurisdiction‫ ‏‬where‫‏‬t he‫ ‏‬PayPal account is maintained as noted in Appendix 2, or to Chapter 4 of
the United States Internal Revenue Code, associated US Treasury Regulations, and other IRS Guidance.

Term Definition

Code The U.S Internal Revenue Code of 1986, as amended.

The natural persons who exercise direct or indirect control over an entity. In the case of a trust, such term means the settlor, the trustees, the protector (if
Controlling any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust, and in the case of a legal
Person arrangement other than a trust, such term means persons in equivalent or similar positions. The term 'Controlling Persons' shall be interpreted in a manner
consistent with the Financial Action Task Force Recommendations (“FATF”). Please see the definition of Substantial US Owner below, also.

Entity A legal person or a legal arrangement such as a trust.

Exempt Beneficial Includes Government entities, International Organisations, Central Bank, Broad Participation Retirement Funds, Narrow Participation Retirement Funds,
Owners Pension Funds of an Exempt Beneficial Owner, and Investment Entities wholly owned by Exempt Beneficial Owners under an applicable Intergovernmental
Agreement (“IGA”) or under the US Treasury Regulations. Please refer to the IGA or US Treasury Regulations under Chapter 4 of the Code, as applicable,
for detailed definitions.
Financial A Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company, where:
Institution a) Custodial Institution means any entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds
financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial
assets and related financial services equals or exceeds 20 percent of the Entity’s gross income during the shorter of: (i) the three-year period that ends
on 31 December (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the
period during which the entity has been in existence;
b) Depository Institution means any entity that accepts deposits in the ordinary course of a banking or similar business;
c) Investment Entity means any entity that conducts as a business (or is managed by an entity that conducts as a business) one or more of the following
activities or operations for or on behalf of a customer: (1) trading in money market instruments (cheques, bills, certificates of deposit, derivatives, etc.);
foreign exchange; exchange, interest rate and index instruments; transferable securities; or commodity futures trading; (2) individual and collective
portfolio management; or (3) otherwise investing, administering, or managing funds or money on behalf of other persons. The term Investment entity
shall be interpreted in a manner consistent with similar language set forth in the definition of “financial institution” in the Financial Action Task Force
Recommendations; and
d) Specified Insurance Company means any entity that is an insurance company (or the holding company of an insurance company) that issues, or is
obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.
Appendix 1 | Glossary: The below provides general definitions to the terms used in the certification.
For‫ ‏‬detailed‫ ‏‬definitions,‫ ‏‬please‫‏‬r efer‫ ‏‬to‫ ‏‬an‫ ‏‬Intergovernmental‫ ‏‬Agreement‫“( ‏‬IGA”)‫ ‏‬applicable‫ ‏‬to‫ ‏‬the‫ ‏‬jurisdiction‫ ‏‬where‫‏‬t he‫ ‏‬PayPal account is maintained as noted in Appendix 2, or to Chapter 4 of
the United States Internal Revenue Code, associated US Treasury Regulations, and other IRS Guidance.

Term Definition

NFFE Any Non-U.S. Entity that is not a Financial Institution under FATCA as explained above under an applicable IGA or US Treasury Regulations.

Non-U.S. Entity An Entity that is not a U.S. Person.

Passive Non-
Financial Foreign Any NFFE that is not an Active Non-Financial Foreign Entity.
Entity
Related Entity An entity is a Related Entity of another entity if either entity controls the other entity, or the two entities are under common control. For this purpose
control includes direct or indirect ownership of more than 50 percent of the vote or value in an entity. Notwithstanding the foregoing, either Party may
treat an entity as not a related entity if the two entities are not members of the same affiliated group, as defined in Section 1471(e)(2) of the Code.
Specified U.S. A U.S. Person other than:
Person a) a corporation the stock of which is regularly traded on established securities markets;
b) any corporation that is a member of the same expanded affiliated group;
c) the United States or any wholly owned agency or instrumentality thereof;
d) any State of the United States, any U.S. Territory, any political subdivision or wholly owned agency or instrumentality of any one or more of the
foregoing;
e) any organization exempt from taxation under section 501 (a) of the Internal Revenue Code (the “Code”) or certain individual retirement plans defined
in section 7701(a)(37) of the Code ;
f) any bank as defined in section 581 of the Code;
g) any real estate investment trust as defined in section 856 of the Code;
h) any regulated investment company defined in section 851 of the Code or any entity registered with the U.S. Securities and Exchange Commission
under the Investment Company Act of 1940;
i) any common trust fund as defined in section 584(a) of the Code;
j) any trust that is exempt from tax under section 664(c) of the Code or that is described in 4947(a)(1) of the Code;
k) a dealer in securities, commodities, or derivative financial instruments that is registered as such under the laws of the United States or any State;
l) a broker as defined in section 6045(c) of the Code; or
m) any tax-exempt trust under a plan that is described in section 403(b) or section 457(g) of the Code
Appendix 1 | Glossary: The below provides general definitions to the terms used in the certification.
For‫ ‏‬detailed‫ ‏‬definitions,‫ ‏‬please‫‏‬r efer‫ ‏‬to‫ ‏‬an‫ ‏‬Intergovernmental‫ ‏‬Agreement‫“( ‏‬IGA”)‫ ‏‬applicable‫ ‏‬to‫ ‏‬the‫ ‏‬jurisdiction‫ ‏‬where‫‏‬t he‫ ‏‬PayPal account is maintained as noted in Appendix 2, or to Chapter 4 of
the United States Internal Revenue Code, associated US Treasury Regulations, and other IRS Guidance.

Term Definition

A U.S. citizen or resident individual, a partnership or corporation organized in the United States or under the laws of the United States or any State thereof,
a trust if (i) a court within the United States would have authority under applicable law to render orders or judgments concerning substantially all issues
U.S. Person
regarding administration of the trust, and (ii) one or more U.S. persons have the authority to control all substantial decisions of the trust, or an estate of a
decedent that is a citizen or resident of the United States. Refer to the U.S. Internal Revenue Code for further interpretation.
A business entity that has a single owner and is not a corporation under Regulations section 301.7701-2(b) is disregarded as an entity separate from its
Disregarded owner. Generally, a disregarded entity does not submit this substitute Form W-8BEN-E to a withholding agent. An example of a disregarded entity can be
Entity considered a single-member LLC or a sole proprietorship. The IRS disregards the company as being separate from its owner for tax purposes. The
company’s income, expenses, losses, gains, deductions and credits are reported on the owner’s IRS income tax return.
Global
A GIIN is a Global Intermediary Identification Number issued by the IRS that is assigned to a Financial Institution that enters into an FFI agreement with the
Intermediary
IRS, or is in a participating Model 1 IGA jurisdiction. The GIIN is a 19-character identification number that is a composite of several other identifiers in the
Identification
following format: XXXXXX.XXXXX.XX.XXX
Number (GIIN)
Chapter 3 means chapter 3 of the Internal Revenue Code (Withholding of Tax on Nonresident Aliens and Foreign Corporations). Chapter 3 contains sections
Chapter 3
1441 through 1464.
Chapter 4 means chapter 4 of the Internal Revenue Code (the “Foreign Account Tax Compliance Act” or “FATCA”). Chapter 4 contains sections 1471
Chapter 4 through 1474 of the Code.

A Substantial U.S. Owner (as defined in Regulations section 1.1473-1(b)) means any specified U.S. person that:
• Owns, directly or indirectly, more than 10 percent (by vote or value) of the stock of any foreign corporation;
Substantial U.S.
• Owns, directly or indirectly, more than 10 percent of the profits or capital interests in a foreign partnership;
Owner
• Is treated as an owner of any portion of a foreign trust under sections 671 through 679; or
• Holds, directly or indirectly, more than a 10 percent beneficial interest in a trust.

Note: Customers of PayPal Russia that are Passive NFFEs that have Substantial U.S. Owners must identify any Substantial U.S.
Owners on the self-certification provided to PayPal. Customers of other PayPal entities should identify only Controlling U.S.
persons, if any.
Appendix 2 | IGA Jurisdiction References:
The following provides references to intergovernmental agreements (IGAs) and FATCA guidance issued by jurisdictions where PayPal operates legal entities. Please consult your user
agreement‫ ‏‬for‫ ‏‬your‫ ‏‬PayPal‫ ‏‬account‫ ‏‬to‫ ‏‬determine‫ ‏‬the‫ ‏‬IGA‫ ‏‬applicable‫ ‏‬to‫ ‏‬your‫ ‏‬PayPal‫ ‏‬account’s‫ ‏‬FATCA‫ ‏‬classification‫ ‏‬and‫ ‏‬FATCA‫ ‏‬compliance obligations. If your account is not maintained in a
jurisdiction that has entered an IGA, please refer to the IRS Form W-8BEN-E instructions located here or to Chapter 4 of the Code, associated ,US Treasury Regulations, and other IRS guidance
for more information and guidance..

Jurisdiction Link to Jurisdiction IGA Link to other jurisdiction references

Guidance notes: https://www.ato.gov.au/General/International-tax-

https://www.treasury.gov/resource-center/tax- agreements/In-detail/International-arrangements/Automatic-exchange-of-
Australia policy/treaties/Documents/FATCA-Agreement-Australia-4-28- information---guidance-material/
2014.pdf
Tax Authority Website: https://www.ato.gov.au/
Tax Authority Website: http://idg.receita.fazenda.gov.br/acesso-
https://www.treasury.gov/resource-center/tax-
Brazil rapido/legislacao/legislacao-por-assunto/e-financeira
policy/treaties/Documents/FATCA-Agreement-Brazil-9-23-2014.pdf

Guidance notes:
https://www.canada.ca/en/revenue-agency/services/tax/international-non-
residents/enhanced-financial-account-information-reporting/reporting-sharing-
financial-account-information-united-states/guidance-on-canada-s-enhanced-tax-
https://www.treasury.gov/resource-center/tax-
Canada information-exchange-agreement.html
policy/treaties/Documents/FATCA-Agreement-Canada-2-5-2014.pdf
FAQs: http://www.fin.gc.ca/afc/faq/fatca-eng.asp

Tax Authority Website: https://www.canada.ca/en/revenue-agency.html

https://www.treasury.gov/resource-center/tax- FAQs: http://www.fstb.gov.hk/fsb/topical/doc/fatca-faq2_e.pdf
Hong Kong policy/treaties/Documents/FATCA-Agreement-Hong%20Kong-11-
13-2014.pdf Tax Authority Website: http://www.ird.gov.hk/eng/welcome.htm
https://www.treasury.gov/resource-center/tax- Tax Authority Website:
Luxembourg policy/treaties/Documents/FATCA-Agreement-Luxembourg-3-28- http://www.impotsdirects.public.lu/fr/echanges_electroniques/FATCA.html
2014.pdf
Appendix 2 | Jurisdiction References:

Jurisdiction Link to Jurisdiction IGA Link to other jurisdiction references

https://www.treasury.gov/resource-center/tax- Tax Authority Website:

Mexico policy/treaties/Documents/FATCA-Agreement-Mexico-4-17- http://www.sat.gob.mx/informacion_fiscal/normatividad/Documents/Compilacion
2014.pdf _Anexo25_RMF.pdf
Guidance notes:
https://www.iras.gov.sg/irashome/uploadedFiles/IRASHome/Quick_Links/Internati
onal_Tax/e-Tax%20Guide-Compliance%20Requirements%20of%20SG-
US%20IGA%20on%20FATCA.pdf
https://www.treasury.gov/resource-center/tax-
Singapore policy/treaties/Documents/FATCA-Agreement-Singapore-12-9- FAQs:
2014.pdf https://www.iras.gov.sg/irashome/uploadedFiles/IRASHome/Quick_Links/Internati
onal_Tax/FAQs%20-%20FATCA%20Filing%20Process_Jul%202017.pdf

Tax Authority Website: https://www.iras.gov.sg/