Navigating FATCA Pass-Through 2017 A Roadmap for Financial Institutions

"Passthru" Payments. Under the Proposed Regulations, withholding will not be required with respect to "foreign passthru payments" before January ... In addition, the Treasury Department and the IRS intend to amend the regulations so that withholding on foreign passthru payments will not begin ... January 1, 2017,24 and discussed the existence ... FATCA for dealing with “blockers” than geneally imposing withholding on foreign passthru. - Withhold tax on foreign passthru payments made to recalcitrant accounts and nonparticipating ... reported in years 2016 and 2017, with ... account holders before January 1, 2017. The proposed regulations ... FATCA withholding on foreign passthru payments begins. Full ... Foreign passthru payments made to recalcitrant account holders and nonparticipating FFIs by a participating FFI are also subject to withholding; ... ▫ Proposed FATCA regulations issued Feb. 2012; final regs ... 1, 2017 – Earliest date to apply w/h on passthru payments. (pending ... Congress passed the Foreign Account Tax Compliance Act (FATCA) in 2010. FATCA requires both individual taxpayers and foreign financial institutions (FFIs) ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 2. Documentation of ...