Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 47

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 47
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 beneficial owner is urged to consult his or her own tax advisor regarding the U.S. federal income tax consequences of the sale, exchange or other disposition of a note. Payments on the Notes Subject to the discussions below concerning backup withholding and FATCA (as defined below), payments of principal, interest and premium on the notes to a Non-U.S.Holder generally will not be subject to U.S. federal income tax or withholding, provided that, in the case of interest:

| • |     | the Non-U.S. Holder does not own, actually or constructively, 10% or more                                                                                                                       
 of the total combined voting power of all classes of our stock entitled to vote and is not a controlled foreign corporation related, directly or indirectly, to us through stock ownership; and |

| • |     | the Non-U.S. Holder certifies on a properly executed IRS Form W-8 appropriate to the Non-U.S. Holder’s circumstances, under penalties of perjury, that it is not a United States person. Special certification rules apply to notes that 
 are held through non-U.S. intermediaries.                                                                                                                                                                                                |

Subject to the discussion below concerning income of a Non-U.S.Holder that is effectively connected with the conduct of a trade or business in the United States, if a Non-U.S.Holder cannot satisfy the requirements described above, 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 Eng