Expert Insights on FATCA Passthru Payment Withholding for Cross-Border Transactions

Based on prior guidance, the foreign passthru payment withholding ... □ Apply FATCA withholding on withholdable payments and foreign passthru payments to ... 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 ... 8488, March 8, 2019, the IRS scheduled an April 10 public hearing on the following proposed regulations eliminating withholding on payments of ... Withholding on Withholdable Payments consisting of U.S.-source dividends, interest and certain other income is required commencing January 1, ... Participating Foreign Financial Institutions (PFFI) must therefore identify and document all accounts for clients susceptible of being US ... Eliminate U.S. withholding under FATCA on payments ... Impose passthru payment withholding on payments to recalcitrant account holders, to. Withholding on foreign passthru payments serves important purposes. ... Despite being attributable to the U.S. source payment, the payment made to ... (C) A foreign passthru payment subject to withholding under chapter 4. (ii) ... FATCA Report,” regardless of whether withholdable payments are made to such ... A withholding agent must withhold 30 percent of any withholdable payment made after June 30, 2014, to a foreign financial institution (FFI) (see ... ... FATCA reporting and passthru payment withhold ... on the question of foreign passthru payment withholding,23 stated that foreign financial institu ...