Demystifying FATCA Pass-Through Payments A Guide for 2019 Compliance

Additionally, FATCA imposes a 30% withholding tax on Withholdable Payments and. Passthru Payments made to certain non-U.S. entities that are not FFIs ("Non- ... Where an FFI chooses not to comply with FATCA, the IRS will impose 30% withholding on payments to FFIs and on behalf of its customers. Entities Required to ... ... pass-through entities. This ... payment, electronic filing and payment ... IRS Issues Proposed Regulations on Withholding Requirements Under FATCA. ending 31 December 2019 expired with reporting for calendar year 2019. ... 'foreign passthru payments' which is included in the US provisions. The term foreign passthru payment has the meaning set forth in § 1.1471-5(h)( ... 2019. However, taxpayers may apply these provisions as of January 28 ... 7. What are the withholding requirements under FATCA? In general, a withholding agent is required to withhold 30% on a withholdable payment made ... ... payment and any foreign passthru payment. The ... 2019, or the date of publication in the Federal ... FATCA partner jurisdictions in implementing the information ... Withholding on foreign passthru payments serves important purposes. ... Despite being attributable to the U.S. source payment, the payment made to ... Pass-through payments under FATCA are certain payments that would originate from a debtor payment, which passes through a foreign financial institution ... The IRS has issued proposed new regulations that will further delay the imposition of withholding tax on foreign passthru payments.