Philip Morris International Spin-off (Completed)

Investor Information FAQs

Tax Implications

Q:	Were any regulatory or Internal Revenue Service (IRS) approvals required, in the U.S. or elsewhere, to complete the Spin-off?
Q:	Why was the transaction called a tax free spin off, and what are the U.S. federal income tax consequences of the Spin-off to U.S. shareholders?
Q:	Was the Spin-off tax free to Altria shareholders outside the U.S.?
Q:	As a result of the Spin-off, how do I calculate the tax basis of my Altria and PMI stock?

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Q:	Were any regulatory or Internal Revenue Service (IRS) approvals required, in the U.S. or elsewhere, to complete the Spin-off?
A:	The Spin-off was subject to the receipt of a favorable ruling from the U.S. Internal Revenue Service (IRS), the effectiveness of a registration statement filed with the U.S. Securities and Exchange Commission and the approval of the New York Stock Exchange to list the PMI shares.
Q:	Why was the transaction called a tax free spin off, and what are the U.S. federal income tax consequences of the Spin-off to U.S. shareholders?
A:	Altria received a private letter ruling from the U.S. Internal Revenue Service (IRS) and an opinion of tax counsel that the distribution of PMI stock to Altria shareholders was tax free for U.S. federal income tax purposes. You should consult your own tax advisor as to the particular consequences of the Spin-off to you.
Q:	Was the Spin-off tax free to Altria shareholders outside the U.S.?
A:	Non-U.S. shareholders may be subject to tax on the distribution of shares in jurisdictions other than the U.S. In this regard, Altria has received advice from some foreign tax authorities and advisors, and anticipates that the Spin-off will be tax free in Canada and Sweden, but subject to tax in Denmark, France, Germany, Ireland, Japan, the Netherlands, Norway and Switzerland. Altria is awaiting final advice from the U.K. tax authorities. Contrary to Altria's News Release of January 30, 2008, Altria has subsequently received advice that the Spin-off will be subject to tax in Norway. The foregoing is general information and does not constitute tax advice. It is extremely important that shareholders consult their tax advisor regarding the particular consequences of the Spin-off in their situation, including the applicability and effect of any U.S. federal, state, local and foreign tax laws.
Q:	As a result of the Spin-off, how do I calculate the tax basis of my Altria and PMI stock?
A:	Please refer to the Distribution of Philip Morris International Inc. Common Stock of Altria Group, Inc. Shareholder Tax Basis Information Statement for assistance with computing your tax basis.

Indices

DJIA 7,997.28 NASDAQ 1,386.42 S&P 500 806.58

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