FATCA Pass-Through Decoded A 2017 Guide for Institutions

This document contains proposed regulations eliminating withholding on payments of gross proceeds, deferring withholding on foreign passthru payments. In June 2017, the IRS published corrections to the FATCA and chapter ... foreign passthru payment.” The Preamble reiterates that the ... The full compliance date for pass-through obligations has been further extended to. 1 January 2017. Amidst concerns that European banks and other financial ... alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 2. Documentation of ... ... foreign passthru payments will begin;. (2) the use of limited ... 2017. A limited FFI or limited branch that becomes able to comply with ... FATCA was the revenue-raising portion of the 2010 domestic jobs stimulus bill, the Hiring Incentives to Restore Employment (HIRE) Act, and was enacted as ... 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 ... Foreign Passthru Payments are Withholdable Payments or payments ... Withholding on Foreign. Passthru Payments will begin no earlier than January 1, 2017. able payments and (beginning no earlier than 1 January 2017) foreign passthru payments paid to a client that is not FATCA-compliant. Foreign passthru payments ... Under the 2014 temporary regulations, such substitute payments are subject to withholding if paid after January 1, 2017 ... foreign passthru payment. As announced ...