FATCA Pass-Through 2017 A Practical Guide to Meeting Compliance Obligations

The 2017 Chapter 4 regulations provide that such withholding will begin on January 1, 2019. Many U.S. and foreign financial institutions, ... Controversially, FATCA orders every foreign bank to track down ... foreign passthru payments before January 1, 2017. Until withholding ... incomes/investments: for 'foreign pass-thru payments' withholding has been postponed to January 1, 2017 at the earliest. Pillar 4. Reporting. Fragmented ... The full compliance date for pass-through obligations has been further extended to. 1 January 2017. Amidst concerns that European banks and other financial ... The proposed regulations extend FATCA's “grandfathering” period, delay the effective date for withholding on foreign-source passthru payments, provide potential ... With the issuance of the Final Regulations, taxpayers and other affected stakeholders have increased clarity regarding the application of FATCA ... Participating FFIs (including Reporting Model 2 FFIs) are required to renew their FFI Agreements through the FATCA. pending FATCA and non-FATCA related U.S. ... foreign passthru payments” will not be subject to withholding any earlier than. January 1, 2017. Under the 2014 temporary regulations, such substitute payments are subject to withholding if paid after January 1, 2017 ... foreign passthru payment. As announced ... FATCA subjects to withholding certain payments made by FFIs to nonparticipating FFIs and recalcitrant account holders (Foreign Passthrough ...