FATCA Passthru 2017 The Game-Changing Compliance Strategy

In June 2017, the IRS published corrections to the FATCA and chapter ... foreign passthru payment.” The Preamble reiterates that the ... FATCA The term passthru payment means any withholdable payment and any foreign passthru payment ... © Copyright, Haydon Perryman, 2016, 2017. Subscribe Subscribed. alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 2. Documentation of ... pending FATCA and non-FATCA related U.S. ... foreign passthru payments” will not be subject to withholding any earlier than. January 1, 2017. 2017), foreign pass-thru payments (not before January 1, 2017) and a payment of FDAP income that would be a withholdable payment if paid by a U.S. person. On April 6, 2017, the Internal Revenue Service (the IRS) added three new frequently asked questions to its Foreign Account Tax Compliance ... (from 1 January 2017); and. □ 'foreign passthru payments' (foreign source payments originating from an FFI, to the extent 'attributable to ... ... FATCA, providing guidance on a wide range of issues under FATCA's ... foreign "passthru payments" until January 1, 2017. The proposed ... The final regulations provide that an FFI is not required to withhold on foreign passthru payments until the later of January 1, 2017, or six months after the ... The proposed regulations extend FATCA's “grandfathering” period, delay the effective date for withholding on foreign-source passthru payments, provide potential ...