Demystifying FATCA Passthru Payment Withholding A Comprehensive Guide

The proposed regulations provide that withholding will not be required with respect to foreign source passthru payments paid to nonparticipating FFIs and ... That means that. FATCA withholding could apply to a termination payment on an NPC even where ... defining foreign passthru payments are issued. We ... implementing FATCA withholding on withholdable payments ... foreign passthru payment withholding and that could be more efficiently implemented by. Withholding may also apply to non-US source payments because of the concept of 'passthru payments' (see below). How to avoid the withholding tax. Based on prior guidance, the foreign passthru payment withholding ... □ Apply FATCA withholding on withholdable payments and foreign passthru payments to ... The elimination of FATCA withholding on gross proceeds and non-cash insurance premiums that are described above also apply to payments made to ... However, Participating FFIs generally will be required to report (but not withhold on) foreign passthru payments made to non-Participating FFIs. withholding on “Passthru” payments (income payments from an FFI to a foreign individual or entity who has not complied with FATCA requirements) will begin ... The Proposed Regulations eliminate withholding on gross proceeds entirely, under the broad statutory grant of authority for the IRS and Treasury ... ... FATCA reporting and passthru payment withhold ... on the question of foreign passthru payment withholding,23 stated that foreign financial institu ...