Prize Or Award

Contact Regulatory Accounting for specific guidance on completing a Fast Track payment request for a prize or award to be paid to a foreign recipient. Prizes or Awards to non-U S Citizens are not tax exempt regardless of tax treaties or other reasons. Tax must be withheld at the rate of 30%.

If the department would like to pay the tax on behalf of the recipient, the payment must be “grossed up” by dividing the net amount to be received by 0.70.

Contact Preston Back Ext 2-8098 or tax@byu.edu