Mastering FATCA Pass-Through Payments A Step-by-Step Guide for 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. 2. Documentation of ... The Regulations further provide, as noted above, that an obligation will not give rise to a foreign passthru payment if it is entered into on or ... withholding and reporting. Jan. 1, 2017. Start of FATCA withholding on gross proceeds payments. Earliest date to apply expanded withholding pass thru payments ( ... ... foreign passthru payments before January 1, 2017. Instead, until withholding applies, to reduce incentives for nonparticipating FFIs to use participating ... Participating FFIs must withhold on any passthru payments made to their recalcitrant account holders and to nonparticipating FFIs. Similar to ... 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 Treasury ... The participating FFI must file Form 8966 on magnetic media (i.e., the FATCA Report XML) with the IRS on or before March 31 of the year ... ▫ Should generally neither be subject to FATCA withholding on payments they receive, nor required to apply passthru ... 2017. Of course ... ... passthru payments” (pay- ments attributable to withholdable payments) made to ... foreign pass thru payments until January 1, 2017, two years later than in.