FATCA Pass-Through Payments A Comprehensive Analysis and Practical Guide for 2019

Extension of FATCA Transitional Rules for Gross Proceeds, Foreign Passthru Payments ... Withholding on Foreign Passthru Payments delayed until 2019, 11, 1471(b)(1 ... FATCA requires Foreign Financial Institutions (FFIs) to report to the US Internal Revenue Service (IRS), information on assets of US$50,000 or more held by US ... ... FATCA. Accordingly, these final regulations provide that the written ... 2019, or the date when the sponsoring entity begins acting as ... January 1, 2019: Withholding on “passthru payments” will become effective the later of January 1, 2019 or the date of publication of the final regulations ... Non-US financial institutions must either identify and report on certain US account holders or be subject to a 30% withholding tax on certain payments of US ... Elimination of foreign passthru payment withholding · The Treasury and IRS efforts in promoting FATCA have achieved a wide global coverage of IGAs, including ... In September 2015, the US IRS announced that withholding on foreign passthru payments would not apply until 1 January 2019 at the earliest. alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 2. Documentation of ... effective alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 3 ... Such an FFI would be treated as a. Participating FFI (PFFI). 8. What are the consequences to an FFI of not complying with FATCA? Non-compliance potentially ...