FATCA Passthru Payment Withholding A Guide to Understanding and Compliance

Passthru payments will become subject to FATCA withholding no earlier than. January 1, 2015. 3. Who is impacted by FATCA? Any entity making a ... In the case of any withholdable payment to a foreign financial institution which does not meet the requirements of subsection (b), the withholding agent with ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. which would thus not be subject to withholding before the foreign passthru payment ... • To properly allocate any FATCA withholding tax ... The IRS has issued proposed new regulations that will further delay the imposition of withholding tax on foreign passthru payments. ... withholding on foreign pass thru payments, eliminating withholding on certain insurance premiums, and clarifying the definition of investment If a withholding agent has knowledge of the facts that give rise to a payment but is unable to determine at the time of payment the source of the payment, such ... ... withholding agent with respect to such payment shall deduct and ... (7) PASSTHRU PAYMENT- The term passthru payment means any withholdable payment or other. subject to withholding tax of 30% on certain payments received by them. 2. Does FATCA replace the existing U.S. tax withholding and reporting regimes? No ... Under FATCA, participating foreign financial institutions (FFIs) must agree to withhold at the 30% rate on foreign passthrough payments made to ...