Is Siemens a PFIC?
SIE · Xetra · U.S.: SIEGY · ISIN DE0007236101 · incorporated in Germany · Industrials
PFIC-screened
Operating company, not a fund: it would only be a PFIC if 75% of its income or 50% of its assets were passive, which is very unlikely for a business like this. 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.