[Code of Federal Regulations]
[Title 26, Volume 18, Parts 500 to 599]
[Revised as of April 1, 2000]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR502.8]

[Page 13]
 
                       TITLE 26--INTERNAL REVENUE
 
     CHAPTER 1--INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY 
                               (Continued)
 
PART 502--GREECE--Table of Contents
 
                       Subpart--Withholding of Tax
 
Sec. 502.8  Information to be furnished in ordinary course.

    (a) General. In compliance with the provisions of Article XVIII of 
the convention the Commissioner of Internal Revenue will transmit to the 
Greek General Director of Direct Taxes, as soon as practicable after the 
close of the calendar year 1954 and of each subsequent calendar year 
during which the convention is in effect, the following information 
relating to such preceding calendar year:
    (1) The duplicate copy of each available Form 1042 Supplement filed 
pursuant to paragraph (b) of this section; and
    (2) The duplicate copy of each available ownership certificate, Form 
1001-G, filed pursuant to Sec. 502.3(c), and substitute Form 1001-G, 
filed pursuant to Sec. 502.7 (a) and (b), in connection with coupon bond 
interest.
    (b) Information return. (1) To facilitate compliance with Article 
XVIII of the convention, every United States withholding agent shall 
make and file in duplicate with the district director of internal 
revenue for the district in which the withholding agent is located an 
information return on Form 1042 Supplement, with respect to Greek 
addressees, which shall be filed for the calendar year 1954 and 
subsequent calendar years. This return shall be filed simultaneously 
with Form 1042.
    (2) There shall be reported on such Form 1042 Supplement all items 
of fixed or determinable annual or periodical income (and, for 1955 and 
subsequent years, amounts described in section 402(a)(2), section 631 
(b) and (c), and section 1235 of the Internal Revenue Code of 1954, 
which are considered to be gains from the sale or exchange of capital 
assets) derived from sources within the United States and paid to 
nonresident aliens (including nonresident alien individuals, 
fiduciaries, and partnerships) and to nonresident foreign corporations, 
whose addresses at the time of payment were in Greece, including such 
items of income upon which, in accordance with this part, no withholding 
of United States tax is required; except that any of such items which 
constitute interest in respect of which Form 1001-G or substitute Form 
1001-G has been filed in duplicate with the withholding agent are not 
required to be reported on such Form 1042 Supplement.