Is BNP Paribas a PFIC?
BNP · Euronext Paris · U.S.: BNPQY · ISIN FR0000131104 · incorporated in France · Financials
PFIC-screened (bank exception)
A bank earns mostly interest, which counts as passive income. It is not a PFIC only because income from an active banking business is excluded, so this rests on the company's own analysis. The test is run by the company each year.
Checked 2026-11-15Xpat's reading · Xpat's reading of PFIC screen for individual stocks: Xpat screens by type of company: operating businesses pass, funds, investment trusts and cash-rich holding companies are excluded. The test is annual and only the company can confirm it, so a stock is PFIC-screened, not certified. Banks and insurers pass only through the active banking or insurance exception, so they are shown as screened with that caveat. Where a company has published a statement, the stock records its year and source. · 26 U.S.C. §1297 — passive foreign investment company (official)
What it means for a U.S. citizen or green-card holder
No PFIC filing for this holding while it stays a non-PFIC: dividends are reported like any foreign dividend (with a foreign tax credit) and gains as capital gains. Foreign accounts that hold it still count for FBAR and Form 8938.
Company type: Operating company. Educational tool, not tax advice: PFIC status is decided each year on figures only the company has.