FATCA Pass-Through 2017 A Comprehensive Guide for Financial Institutions' Compliance

potentially foreign pass thru payments for calendar year. 2017. 2014. 2013. 2012. Page 15. PwC. (1) IGA: Intergovernmental Agreement. (2) ... Participating FFIs (including Reporting Model 2 FFIs) are required to renew their FFI Agreements through the FATCA. 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 ... just a starting point and only addressed some pieces of the basic FATCA structural framework. ... the IRS, and withhold on “passthru payments” (withholdable ... incomes/investments: for 'foreign pass-thru payments' withholding has been postponed to January 1, 2017 at the earliest. Pillar 4. Reporting. Fragmented ... Passthru payments will become subject to FATCA withholding no earlier than January 1, 2017. 3. Who is impacted by FATCA? Any entity making or receiving a ... This document contains proposed regulations eliminating withholding on payments of gross proceeds, deferring withholding on foreign passthru payments. On February 8, 2012, the Internal Revenue Service ("IRS") issued proposed regulations (the "Proposed Regulations") which will implement the provisions of ... Congress passed the Foreign Account Tax Compliance Act (FATCA) in 2010. FATCA requires both individual taxpayers and foreign financial institutions (FFIs) ... Many foreign financial institutions have objected to FATCA on the basis that ... foreign pass thru payments until January 1, 2017, two years later than in.