FATCA Pass-Through Payments The Ultimate Guide to Streamlining International Tax Reporting in 2017

FATCA compliant, but payments by such US corporation to a foreign ... Foreign passthru payment withholding is deferred until January 1, 2017. alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 3. Documentation of ... Withholding on Foreign Passthru Payments will begin no earlier than January 1, 2017. ▫ Should generally neither be subject to FATCA withholding on payments they receive, nor required to apply passthru ... 2017. Of course ... payment and any “foreign passthru payment.” FFIs will not be ... FATCA withholding on foreign passthru payments begins no earlier than 1 January 2017. ... foreign passthru payments will begin;. (2) the use of limited ... For a payment made on or after January 1, 2017, a withholding agent ... 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 ... RELEASE DATE 21 December 2017. 10 NON FINANCIAL FOREIGN ENTITIES ... 'foreign passthru payments' which is included in the US provisions. FATCA imposes a 30% US withholding tax on withholdable payments made to certain FFIs and non-financial foreign entities (NFFEs) that do not meet specific ... 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 ...