Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 223

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 223
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, there can be no assurance that BEP will meet these requirements, or that current law will not change so as to cause, in either event, BEP to be treated as a corporation for U. S. federal income tax purposes. If BEP (or BRELP) were treated as a corporation for U. S. federal income tax purposes, adverse U. S. federal income tax consequences could result for LP unitholders and BEP (or BRELP, as applicable), as described in greater detail in Item 10. E “ Taxation - Certain Material U. S. Federal Income Tax Considerations - Partnership Status of BEP and BRELP”.

BEP may be subject to U. S. backup withholding tax or other U. S. withholding taxes if any LP unitholder fails to comply with U. S. tax reporting rules or if the IRS or other applicable state or local taxing authority does not accept our withholding methodology, and such excess withholding tax cost will be an expense borne by BEP and, therefore, by all of our LP unitholders on a pro rata basis.

BEP may become subject to U. S. backup withholding tax or other U. S. withholding taxes with respect to any LP unitholder who fails to timely provide BEP (or the applicable intermediary) with an IRS Form W-9 or IRS Form W-8, as the case may be, or if the withholding methodology we use is not accepted by the IRS or other applicable state or local taxing authority. See Item 10. E “ Taxation - Certain Material U. S. Federal Income Tax Considerations - Administrative Matters - Withholding and Backup Withholding”. To the extent that any LP unitholder fails to timely provide the applicable form (or such form is not properly completed), or should the IRS or other applicable state or local taxing authority not accept our withholding methodology, BEP might treat such U. S. backup withholding taxes or other U. S. withholding taxes as an expense, which would be borne indirectly by all LP unitholders on a pro rata basis. As a result, LP unitholders that fully comply with their U. S. tax reporting obligations may bear a share of such burden created by other LP unitholders that do not comply with the U. S. tax reporting rules.

Tax-exempt organizations may face certain adverse U. S. tax consequences from owning LP units.

The Managing General Partner and the BRELP General Partner intend to use commercially reasonable efforts to structure the activities