Company: PAYX
Filing Date: 2025-04-08
Form Type: 424B2
Source: 0001193125-25-075170
Chunk: 47

Company: PAYCHEX INC
Filing Date: 2025-04-08
Form: 424B2
Chunk 47
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 payments of interest on the notes to such Non-U.S.Holder will generally be subject to 30% U.S. federal withholding, unless the Non-U.S.Holder provides the applicable withholding agent with a properly executed IRS Form W-8appropriate to the Non-U.S.Holder’s circumstances claiming an exemption from or reduction in withholding under an applicable income tax treaty and complies with any other applicable procedures. See the discussion below under “FATCA” regarding withholding on interest under the FATCA rules. Sale, Exchange or Retirement of the Notes A Non-U.S.Holder of a note will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of such note, unless the gain is effectively connected with the conduct by the Non-U.S.Holder of a trade or business in the United States, subject to an applicable income tax treaty providing otherwise, although any amounts attributable to accrued interest will generally be treated as described above under ‘‘Payments on the Notes.’’ See the discussion below under ‘‘FATCA” regarding withholding under the FATCA rules on gross proceeds of the sale, exchange or retirement of the notes. Non-U.S.Holder Engaged in a U.S. Trade or Business If a Non-U.S.Holder of a note is engaged in a trade or business in the United States, and if income or gain on the note is effectively connected with the Non-U.S.Holder’s conduct of this trade or business (and if required by an applicable income tax treaty, the income or gain is attributable to a permanent establishment or fixed base maintained by the Non-U.S.Holder in the United States), the Non-U.S.Holder, although exempt from the withholding tax on interest discussed above, will generally be taxed in the same manner as a U.S. Holder (see “Tax Consequences to U.S. Holders” above), except that the Non-U.S.Holder will generally be required to S-29

provide to the applicable withholding agent a properly executed IRS Form W-8ECI in order to claim an exemption from withholding tax on interest. These Non-U.S. Holders should consult their tax advisors with respect to other U.S. tax consequences of the ownership and disposition of notes, including, in the case of a corporation, the possible imposition of a branch
profits tax at a rate of 30% (or a lower rate under an applicable income tax treaty).

Backup Withholding and Information Reporting

Information returns generally will be filed with the IRS in connection with interest payments