Navigating the FATCA Passthru Payment Landscape in 2019

1474, commonly referred to as FATCA) requires withholding agents to withhold 30% of certain payments to a foreign financial institution (FFI) ... alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 3. Development of ... 7. What are the withholding requirements under FATCA? In general, a withholding agent is required to withhold 30% on a withholdable payment made ... Pass-through payments under FATCA are certain payments that would originate from a debtor payment, which passes through a foreign financial institution ... ... FATCA. Whereas, the Government of Australia and the Government of the ... foreign passthru payment and gross proceeds withholding that minimizes burden. Non-U.S. financial institutions must either identify and report on certain U.S. account holders or be subject to a 30% withholding tax on ... First, it eliminates Foreign Account Tax Compliance Act (“FATCA”) withholding on gross proceeds. Second, it pauses withholding on pass-through ... ... 2019, by and between Telefónica Centroamérica ... passthru payment” described in section 1471(d)( ... payment under a Finance Document required by FATCA. Second, withholding on foreign passthru payments prevents nonparticipating FFIs from avoiding FATCA by investing in the. United States through a ... Additionally, FATCA imposes a 30% withholding tax on Withholdable Payments and. Passthru Payments made to certain non-U.S. entities that are not FFIs ("Non- ...