FATCA Pass-Through Payments A Comprehensive Guide for Multinational Corporations

The regulations reserve on the definition of a foreign passthru payment, but do provide that a participating FFI does not have to withhold on a ... withholding and reporting. Jan. 1, 2017. Start of FATCA withholding on gross proceeds payments. Earliest date to apply expanded withholding pass thru payments ( ... Here, FATCA imposed withholding to on these “foreign pass-through payments” so that U.S. citizens could not avoid U.S. taxation by moving ... Annual FATCA reporting will be done on new IRS Form 8966 (FATCA Report), which the Preamble announces that the IRS will release in the near ... The proposed regulations defer withholdings on pass-through payments. A pass-through payment is any payment made by a foreign financial ... This document contains proposed regulations eliminating withholding on payments of gross proceeds, deferring withholding on foreign passthru payments. FATCA withholding generally will be required on payments made to FFIs ... passthru payments made after January 1, 2017. Additionally ... PFFI. Participating Foreign Financial Institution as defined in the US FATCA regulations ... 2017. The fund should also perform pre-existing account due ... More Grandfathering. The proposed regulations would exclude from the definition of withholdable payment and passthru payment any payments under ... Withholding on Foreign Passthru Payments will begin no earlier than January 1, 2017.