Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 457

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 457
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 of such taxes from the IRS. In the event a U. S. Holder transfers or otherwise disposes of some or all of such holder’s LP units, special rules might apply for purposes of determining whether such holder or the transferee of such LP units is subject to U. S. withholding taxes in respect of income allocable to, or distributions made on account of, such LP units or entitled to refunds of any such taxes withheld. See “ - Administrative Matters - Certain Effects of a Transfer of LP Units” below. Each U. S. Holder should consult its own tax adviser regarding the treatment of U. S. withholding taxes.

Taxes in Other Jurisdictions

In addition to U. S. federal income tax consequences, an investment in BEP could subject a U. S. Holder to U. S. state and local taxes in the U. S. state or locality in which such holder is a resident for tax purposes. A U. S. Holder could also be subject to tax return filing obligations and income, franchise, or other taxes, including withholding taxes, in non-U. S. jurisdictions in which BEP invests. BEP will attempt, to the extent reasonably practicable, to structure its operations and investments so as to avoid income tax filing obligations by U. S. Holders in non-U. S. jurisdictions. However, there may be circumstances in which BEP is unable to do so. Income or gain from investments held by BEP may be subject to withholding or other taxes in jurisdictions outside the U. S., except to the extent an income tax treaty applies. A U. S. Holder who wishes to claim the benefit of an applicable income tax treaty might be required to submit information to tax authorities in such jurisdictions. Each U. S. Holder should consult its own tax adviser regarding the U. S. state, local, and non-U. S. tax consequences of an investment in BEP.

Transferor/Transferee Allocations

BEP may allocate items of income, gain, loss and deduction using a monthly convention, whereby any such items recognized in a given month by BEP are allocated to our LP unitholders as of a specified date of such month. As a result, a U. S. Holder who transfers LP units might be allocated income, gain, loss and deduction realized by BEP after the date of the transfer. Similarly, if a U. S. Holder acquires additional LP units, such holder may be allocated income, gain, loss and deduction realized by