Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 69

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 10
Chunk 69
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 to provide timely qualified notices on a quarterly basis certifying that the 10-percent exception applies, so that no withholding under Section 1446(f) of the U. S. Internal Revenue Code applies to a Non-U. S. Holder’s sale or other disposition of our units effected through a broker or to any distributions on our units.

However, there can be no assurance that the law will not change or that the IRS will not deem our partnership to be engaged in a U. S. trade or business. If, contrary to our General Partner’s expectations, our partnership is treated as engaged in a U. S. trade or business, then a Non-U. S. Holder generally would be required to file a U. S. federal income tax return, even if no effectively connected income were allocable to it. If our partnership were to have income treated as effectively connected with a U. S. trade or business, then a Non-U. S. Holder would be required to report that income and would be subject to U. S. federal income tax at the regular graduated rates. In addition, the amount of a distribution to a Non-U. S. Holder attributable to such effectively connected income generally would be subject to withholding at the highest applicable effective tax rate. A corporate Non-U. S. Holder might also be subject to branch profits tax at a rate of 30%, or at a lower treaty rate, if applicable. If, contrary to expectation, our partnership were engaged in a U. S. trade or business, then gain or loss from the sale of our units by a Non-U. S. Holder would be treated as effectively connected with such trade or business to the extent that such Non-U. S. Holder would have had effectively connected gain or loss had our partnership sold all of its assets at their fair market value as of the date of such sale. In such case, any such effectively connected gain generally would be taxable at the regular graduated U. S. federal income tax rates, and the amount realized from any such sale by a Non-U. S. Holder, as well as the amount of any distribution exceeding our partnership’s cumulative net income, generally would be subject to the 10% U. S. federal withholding tax under Section 1446(f) of the U. S. Internal Revenue Code.

Brookfield Infrastructure 343

In general, even if our partnership is not engaged in a U. S. trade or business, and assuming you are not otherwise engaged in a U. S. trade or business