FATCA Pass-Through Payments A Comprehensive Guide to Understanding and Compliance in 2019

Specifically, a withholding agent will be required to begin FATCA withholding on withholdable payments made after June 30, 2014, on payments ... Further Suspension of Potential “Foreign Passthru Payment” Withholding. FATCA provides that certain payments by an FFI to a non-compliant ... Under prior FATCA regulations, a 30 percent withholding tax was required on payments of gross proceeds to certain foreign entities made after ... FATCA tweaks kick "Passthru" withholding back to the future ... 2019 or such other date as may apply due to a change in FATCA. ... foreign passthru payment". This ... alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 2. Documentation of ... Starting January 1, 2019, a ... Ultimately, a USFI will also be required to withhold on foreign pass-through payments made to an NPFFI. FATCA subjects to withholding certain payments made by FFIs to nonparticipating FFIs and recalcitrant account holders (Foreign Passthrough ... ... passthru payments (until 2 years after the definition of such payments appears in final regulations), (3) elimination of withholding on non ... Excerpt. February 22, 2019. Mr. John Sweeney Branch Chief, Branch ... foreign passthru payments. These provisions represent a significant ... January 1, 2019: Withholding on “foreign passthru payments” will become effective the later of January 1, 2019 or the date of publication of the ...