FATCA Pass-Through A Critical Examination for 2017 Compliance

No withholding on foreign passthru payments until, at least, January 1, 2019;; Extension of time until January 1, 2017, to use limited ... The pass-thru concept clearly takes FATCA beyond US territorial limits and ... deferred until after 1 January 2017. Complying with FATCA. The original ... 2017, https://www.taxconnections.com/taxblog/fatca-causing-record ... FATCA “Passthrough Penalty”).68 Recalcitrant account holders are ... An FFI may register on Form 8957, Foreign Account Tax. Compliance Act (FATCA) Registration, via the FATCA registration website available at. • FATCA Transitional Rules for Gross Proceeds and Foreign Passthru Payments ... withholding from the original 1st January 2017 to the new starting ... ... 2017 in any case. Understandably, however, parties to non-US ... foreign passthru payments (Treas. Reg. § 1.1471- 2(b)(2)(i)(B)). 6 ... Further Suspension of Potential “Foreign Passthru Payment” Withholding. FATCA provides that certain payments by an FFI to a non-compliant ... ▫ Proposed FATCA regulations issued Feb. 2012; final regs ... 1, 2017 – Earliest date to apply w/h on passthru payments. (pending ... ... Foreign Account Tax Compliance Act ("FATCA"). FATCA is the government's ... passthru payments made after January 1, 2017. Additionally ... Under FATCA, participating foreign financial institutions (FFIs) must agree to withhold at the 30% rate on foreign passthrough payments made to ...