Decoding FATCA Pass-Through for 2017 A Step-by-Step Guide

on 'foreign pass thru payments' which is included in the US provisions. ... April 2017, a list of those persons must be sent to the TIA by 31 May 2017 so ... The proposed regulations contemplate the beginning of withholding on foreign Passthru Payments no earlier than 2017, but do not define or elaborate on the ... On February 8, 2012, the Internal Revenue Service ("IRS") issued proposed regulations (the "Proposed Regulations") which will implement the provisions of ... "Passthru" Payments. Under the Proposed Regulations, withholding will not be required with respect to "foreign passthru payments" before January ... FATCA introduced a new reporting and tax withholding regime, effective July 1, 2014, that is directed at both foreign financial institutions ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. FATCA subjects to withholding certain payments made by FFIs to nonparticipating FFIs and recalcitrant account holders (Foreign Passthrough ... Deferral of Effective Date of “Passthru Payment” Rules. The proposed regulations defer until at least 2017 the application of the rules ... FATCA was the revenue-raising portion of the 2010 domestic jobs stimulus bill, the Hiring Incentives to Restore Employment (HIRE) Act, and was enacted as ... Moreover, the proposed regulations delay withholding on foreign passthru payments until 2017 at the earliest. Extension of the Transition ...