TAX INFORMATION
Global currently expects that its 2024 tax packages, including Schedules K-1, will be made available on or before March 17, 2025.
Click here to access historical K-1 tax packages:
QUALIFIED NOTICE
We are required to provide qualified notice to brokers and nominees that hold
Global Partners LP (“Global Partners”) units on behalf of non-U.S. investors
under Treasury Regulation Sections 1.1446-4(b) and (d) and
1.1446(f)-4(c)(2)(iii). Brokers and nominees should treat one hundred percent
(100%) of Global Partners’ distributions to non-U.S. investors as being
attributable to income that is effectively connected with a United States
trade or business. In addition, brokers and nominees should treat one hundred
percent (100%) of the distribution as being in excess of cumulative net income
for purposes of determining the amount to withhold. Accordingly, Global
Partners’ distributions to non-U.S. investors are subject to federal income
tax withholding at a rate equal to the highest applicable effective tax rate
plus ten percent (10%). Nominees, and not Global Partners, are treated as the
withholding agents responsible for withholding on the distributions received
by them on behalf of non-U.S. investors.
Separately, for the purposes of withholding on sales transactions by non-U.S.
investors under Treasury Regulation Section 1.1446(f)-4(a)(2), brokers should
treat one hundred percent (100%) of the proceeds attributable to the sale of
Partnership units as being attributable to a U.S. trade or business.
For specific Qualified Notices,
click here.