Demystifying FATCA Foreign Passthru Payments Compliance Made Simple

The purpose of FATCA is to reduce U.S. tax evasion by requiring certain “foreign financial institutions” to report information about U.S. holders of their non- ... cluded from the definition of an FFI and are therefore not subject to FATCA. ... foreign pass thru payments until January 1, 2017, two years later than in. The 2013 final regulations reserve on the definition of foreign passthru payment ... By identifying a limited FFI on its FATCA registration ... ... definition of an “investment entity,” and the deferral of withholding on foreign passthru payments. These provisions represent a significant ... The new FATCA regulations provide relief for certain entities that may have been inadvertently covered by the definition of an FFI under the ... Announcement, until the definition of “foreign pass-thru payment” is defined, this debt ... blockers,” F.A.T.C.A. imposes a withholding tax on foreign pass-thru ... FATCA Regs: Investment Entity Definition Clarified & Gross Proceeds Withholding Eliminated · Extend the time for withholding on foreign passthru ... FATCA indicia · A U.S. place of birth · Identification of the account holder as a U.S. citizen or resident · A current U.S. residence or mailing address (including ... Passthru payments are withholdable payments (essentially US source income); and payments that are indirectly attributable to a withholdable ... r). The term “Nonparticipating Financial Institution” means a nonparticipating. FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not.