Form I-312 - Nonresident Taxpayer Registration Affidavit Income Tax Withholding (Page 2 of 2) in pdf

Form I-312 - Nonresident Taxpayer Registration Affidavit Income Tax Withholding Page 2

INFORMATION

NONRESIDENT TAXPAYER REGISTRATION AFFIDAVIT

Submit this form to the company or individual you are contracting with.

Do not submit this form to South Carolina Department of Revenue.

PURPOSE OF AFFIDAVIT

A person is not required to withhold taxes for a nonresident taxpayer who submits an affidavit certifying that they are

registered with either the South Carolina Secretary of State or the South Carolina Department of Revenue.

REQUIREMENTS TO MAKE WITHHOLDING PAYMENTS

Code Section 12-8-550 requires persons hiring or contracting with a nonresident taxpayer to withhold 2% of each payment

made to the nonresident where the payments under the contract exceed $10,000. However, this section does not apply to

payments on purchase orders for tangible personal property when those payments are not accompanied by services to be

performed in this state.

Code Section 12-8-540 requires persons making payment to a nonresident taxpayer of rentals or royalties at a rate of

$1,200 or more a year for the use of or for the privilege of using property in South Carolina to withhold 7% of the total of

each payment made to a nonresident taxpayer who is not a corporation and 5% if the payment is made to a corporation.

Code Section 12-8-570 requires trusts or estates making distribution of South Carolina taxable income to a nonresident

beneficiary to withhold 7% of the beneficiary's distribution which is attributable to South Carolina taxable income.

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Form I-312 - Nonresident Taxpayer Registration Affidavit Income Tax Withholding Page 2