FATCA Pass-Through Payments Made Easy Your 2017 Toolkit

... payments to foreign payees if such payees do not comply with FATCA." The U.S. has yet to comply with FATCA itself, because as of 2017, it has not yet ... ... foreign passthru payments before January 1, 2017. Instead, until withholding applies, to reduce incentives for nonparticipating FFIs to use participating ... PFFI. Participating Foreign Financial Institution as defined in the US FATCA regulations ... 2017. The fund should also perform pre-existing account due ... ... passthru payments, and provide that withholding on foreign-source passthru payments will begin no earlier than 2017. Thus, a non-participating foreign ... 31, 2018, or the date of the publication of the final Treasury Regulations defining the term Foreign Passthrough Payment. ... 2017 (the 2017 ... pending FATCA and non-FATCA related U.S. ... foreign passthru payments” will not be subject to withholding any earlier than. January 1, 2017. Participating FFIs must withhold on any passthru payments made to their recalcitrant account holders and to nonparticipating FFIs. Similar to ... ... 2017 for offshore U.S. source income, gross proceeds and foreign passthru payments. FDAP income includes items such as compensation, dividends, interest ... The proposed regulations defer withholdings on pass-through payments. A pass-through payment is any payment made by a foreign financial ... The proposed regulations reserve on when payments by foreign financial institutions will be treated as "passthru payments" and defer the start ...