LocalTaxForms

  • Required when Non-US applicant requests trading permissions for Canada products OR Non-Australia/Non-U.S. applicant requests trading permissions for Australia products.

  • Fully Disclosed Client (Individual, Joint, Retirement)

  • Advisor Client (Individual, Joint, Retirement)

  • Non-Disclosed- NonQI Client (Individual/Joint)

  • Individual: AccountHolderDetails

  • Joint: FirstHolderDetails, SecondHolderDetails

  • Retirement: AccountHolderDetails

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<xsd:complexType name="LocalTaxForms">
<xsd:sequence>
<xsd:element name="LocalTaxForm" type="LocalTaxForm"minOccurs="1" maxOccurs="unbounded" ></xsd:element>
</xsd:sequence>
</xsd:complexType>
<xsd:complexType name="LocalTaxForm">
<xsd:attribute name="tax_authority" type="TaxAuthorityType" use="required"></xsd:attribute>
<xsd:attribute name="qualify" type="xsd:boolean" use="required"></xsd:attribute>
<xsd:attribute name="treaty_country" type="xsd:string" use="optional"></xsd:attribute>
</xsd:complexType>
<xsd:simpleType name="TaxAuthorityType">
<xsd:restriction base="xsd:token">
<xsd:enumeration value="CANADA_TA" />
<xsd:enumeration value="AUSTRALIA_TA" />
</xsd:restriction>
</xsd:simpleType>

Parameters

Name

Type

Description

tax_authority

CANADA_TA

AUSTRALIA_TA

IRELAND_TA

ISRAEL_TA

Tax Certification

qualify

true

false

Does the account holder qualify for 'tax_authority' treaty benefits

treaty_country

3 Digit ISO Code

If yes, provide Treaty Country.

N/A is accepted for Non-Treaty Countries.

  • Canada Treaty Countries: https://www.canada.ca/en/department-finance/programs/tax-policy/tax-treaties/in-force.html

  • Australia Countries: https://treasury.gov.au/tax-treaties/income-tax-treaties

  • Israel Countries: https://www.gov.il/en/departments/dynamiccollectors/international_agreements
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German applicant requests Australia and Canada Stock Trading Permissions. 
<W8Ben...>
<LocalTaxForms>
<LocalTaxForm tax_authority="CANADA_TA" qualify="true" treaty_country="DEU"/>
<LocalTaxForm tax_authority="AUSTRALIA_TA" qualify="true" treaty_country="DEU"/>
</LocalTaxForms>
</W8Ben>
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Saudi Arabia applicant requests Australia and Canada Stock Trading Permissions. 
  <W8Ben...>
  <LocalTaxForms>
            <LocalTaxForm tax_authority="CANADA_TA" qualify="true" treaty_country="N/A"/>
            <LocalTaxForm tax_authority="AUSTRALIA_TA" qualify="true" treaty_country="N/A"/>
        </LocalTaxForms>
        </W8Ben>