FATCA Pass-Through in the Spotlight A 2017 Examination

... 2017, the scope of passthru payments will be expanded beyond withholdable payments to include foreign passthru payments. • Grandfathered ... The 2017 Chapter 4 regulations provide that such withholding will begin on January 1, 2019. Many U.S. and foreign financial institutions, ... ... 2017 for offshore U.S. source income, gross proceeds and foreign passthru payments. FDAP income includes items such as compensation, dividends, interest ... The pass-thru concept clearly takes FATCA beyond US territorial limits and ... deferred until after 1 January 2017. Complying with FATCA. The original ... 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” ... FATCA The term passthru payment means any withholdable payment and any foreign passthru payment ... © Copyright, Haydon Perryman, 2016, 2017. Subscribe Subscribed. Moreover, the proposed regulations delay withholding on foreign passthru payments until 2017 at the earliest. Extension of the Transition ... 1474, commonly referred to as FATCA) requires withholding agents to withhold 30% of certain payments to a foreign financial institution (FFI) ... Deferral of Effective Date of “Passthru Payment” Rules. The proposed regulations defer until at least 2017 the application of the rules ... The proposed regulations contemplate the beginning of withholding on foreign Passthru Payments no earlier than 2017, but do not define or elaborate on the ...