Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 463

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 463
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 unitholders. In such a case, a Non-U. S. Holder’s allocable share of distributions of U. S.-source dividend and interest income will be subject to U. S. withholding tax at a rate of 30%. Further, if a Non-U. S. Holder would not be subject to U. S. tax based on its tax status or otherwise were eligible for a reduced rate of U. S. withholding, such holder might need to take additional steps to receive a credit or refund of any excess withholding tax paid on its account, which could include the filing of a non-resident U. S. income tax return with the IRS. Among other limitations applicable to claiming treaty benefits, if a Non-U. S. Holder resides in a treaty jurisdiction which does not treat BEP as fiscally transparent, such holder might not be eligible to receive a refund or credit of excess U. S. withholding taxes paid on its account. In the event a Non-U. S. Holder transfers or otherwise disposes of some or all of its LP units, special rules may apply for purposes of determining whether the holder or the transferee of the 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 below “ - Administrative Matters - Certain Effects of a Transfer of LP Units”. Each Non-U. S. Holder should consult its own tax adviser regarding the treatment of U. S. withholding taxes.

Special rules may apply in the case of any Non-U. S. Holder (i) that has an office or fixed place of business in the United States; (ii) that is present in the United States for 183 days or more in a taxable year; or (iii) that is (a) a former citizen or long-term resident of the United States, (b) a foreign insurance company that is treated as holding a partnership interest in BEP in connection with its U. S. business, (c) a PFIC, (d) a “controlled foreign corporation” for U. S. federal income tax purposes, or (e) a corporation that accumulates earnings to avoid U. S. federal income tax. Each Non-U. S. Holder should consult its own tax adviser regarding the application of these special rules.

Administrative Matters

Information Returns and Audit Procedures

BEP has agreed to use commercially reasonable efforts to provide U. S. tax information on its website