FATCA Passthru Payment Withholding A Guide to Global Tax Reporting and Compliance

A withholding agent must withhold 30 percent of any withholdable payment made after June 30, 2014, to a foreign financial institution (FFI) (see ... The. Proposed Regulations would defer the withholding requirement on a Foreign Passthrough Payment made to nonparticipating FFIs or ... FATCA creates a new information reporting and withholding regime for payments made to certain foreign ... In addition, an FFI must withhold 30% on any passthru ... which would thus not be subject to withholding before the foreign passthru payment ... • To properly allocate any FATCA withholding tax ... ... FATCA reporting and passthru payment withhold ... on the question of foreign passthru payment withholding,23 stated that foreign financial institu ... ... payments (known as “withholdable payments”),. FATCA will ultimately also impose a withholding tax on “foreign passthru payments”, which are ... Pass-through payments under FATCA are certain payments that would originate from a debtor payment, which passes through a foreign financial institution ... Participating FFIs are not required to withhold on foreign passthru payments until the later of January 1, 2017 or six months after the date on which ... Tracing methodology for calculating FATCA withholding on passthru payments and election to avoid passthru payment withholding. In addition ... Withholding on FATCA applies to U.S. withholding agents making U.S. source payments to foreign payees, and also to foreign financial institution ...