FATCA Pass-Through Unraveling the Complexities in 2017

o U.S. credit union FATCA due diligence and withholding begin January 1, 2017. ... (“foreign passthru payment” will be defined in a future ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. Payments treated as foreign passthru payments may be treated as ... January 1, 2017, gross proceeds from the sale or disposition of property of a type. Under FATCA, payments to foreign financial ... Withholding with respect to foreign passthru payments will not be required until 2017 at the. able payments and (beginning no earlier than 1 January 2017) foreign passthru payments paid to a client that is not FATCA-compliant. Foreign passthru payments ... The pass-thru concept clearly takes FATCA beyond US territorial limits and ... deferred until after 1 January 2017. Complying with FATCA. The original ... 2017 (see the Appendix for a FATCA timeline). • Position of UK ... apply FATCA withholding on passthru payments to others. Under the ... The IRS issued proposed regulations under the Foreign Account Tax Compliance Act (FATCA) regarding withholding on certain payments that was ... 2017, https://www.taxconnections.com/taxblog/fatca-causing-record ... FATCA “Passthrough Penalty”).68 Recalcitrant account holders are ... potentially foreign pass thru payments for calendar year. 2017. 2014. 2013. 2012. Page 15. PwC. (1) IGA: Intergovernmental Agreement. (2) ...