Essential FATCA Pass-Through Considerations for 2017

After January 1, 2017, FATCA will also apply to payments that are not purely U.S. sourced (“foreign passthru payments”). In the future, the ... Updated as of 9 August 2017. Page 1 of 7. FATCA Frequently Asked Questions ... pass-through payments", which are expected to be the subject of future ... effective alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden ... ... foreign passthru payments will begin;. (2) the use of limited ... 2017. A limited FFI or limited branch that becomes able to comply with ... Here, FATCA imposed withholding to on these “foreign pass-through payments” so that U.S. citizens could not avoid U.S. taxation by moving ... • FATCA Transitional Rules for Gross Proceeds and Foreign Passthru Payments ... withholding from the original 1st January 2017 to the new starting ... With respect to withholding on passthru payments, the Proposed Regulations indicate that withholding will occur no earlier than January 1, 2017, ... "Passthru" Payments. Under the Proposed Regulations, withholding will not be required with respect to "foreign passthru payments" before January ... It is expected that regulations will define the concept before 2017 to permit foreign passthru payment withholding to begin in 2017. 21 January 2013. Participating FFIs are not required to withhold on foreign passthru payments until the later of January 1, 2017 or six months after the date on which Treasury ...