Navigating the FATCA Pass-Through Payment Labyrinth in 2019

Although FATCA was enacted in 2008, the IRS extended several FATCA related effective dates and in particular extended until January 1, 2019, the ... 1. EXTENSION OF DATES FOR WHEN WITHHOLDING BEGINS FOR PAYMENTS OF GROSS PROCEEDS AND PASSTHRU PAYMENTS · 2. EXTENSION OF LIMITED BRANCH AND ... Excerpt. February 22, 2019. Mr. John Sweeney Branch Chief, Branch ... foreign passthru payments. These provisions represent a significant ... ... 2019, by and between Telefónica Centroamérica ... passthru payment” described in section 1471(d)( ... payment under a Finance Document required by FATCA. 1474, commonly referred to as FATCA) requires withholding agents to withhold 30% of certain payments to a foreign financial institution (FFI) ... ... 2019.[8] Taxpayers may rely on the Proposed Regulations with ... pass through entities · PATH Act · Pay Ratio Regulations · payroll tax ... ... foreign passthru payments. These provisions represent a significant burden reduction for SIFMA member firms complying with FATCA. There are ... ... 2019. The notice also delays the date for foreign passthru payment to 1st January 2019. PwC Indonesia insight on FATCA Announcement (Notice ... The IRS believes that the implementation of withholding on pass-thru payments is integral to the success of FATCA. ... 2019. Also, similar ... An FFI other than a PFFI, Reporting Model 2 FFI, or RDCFFI that is not required to file Form 8966 may still be required to report a payment ...