FATCA Pass-Through A Comprehensive Guide for 2017

The withholding tax is a 30% tax on “withholdable payments.” F.A.T.C.A. also requires participating F.F.I.s (“P.F.F.I.s”) to withhold on “passthru payments” ... (from 1 January 2017); and. □ 'foreign passthru payments' (foreign source payments originating from an FFI, to the extent 'attributable to ... The pass-thru concept clearly takes FATCA beyond US territorial limits and ... deferred until after 1 January 2017. Complying with FATCA. The original ... As mentioned above, the Regulations fail to address how "foreign passthru withholding" is to work in practice. ... 2017, being the earliest date ... No withholding on foreign passthru payments until, at least, January 1, 2019;; Extension of time until January 1, 2017, to use limited ... 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. FATCA essentially forces many FFIs and other foreign entities to disclose to the IRS information about their US account holders and owners. The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. effective alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden ... FATCA introduced a new reporting and tax withholding regime, effective July 1, 2014, that is directed at both foreign financial institutions ...