Optimizing FATCA Pass-Through Payments A 2017 Guide for Multinational Corporations

The proposed regulations defer withholdings on pass-through payments. A pass-through payment is any payment made by a foreign financial ... This obligation was included as a temporary solution to the requirement to withhold on 'foreign passthru payments' which is included in the US provisions. Under ... This is linked to the reporting requirements, which do not mandate the reporting of gross proceeds until some point in 2017, under Article 2. Fatca preparation ... "Under the passthru payment provision in FATCA, which takes effect in 2017, Wegelin does not have to have a direct relationship with the United ... ... 2017, or the date of publication in the Federal Register of final regulations defining foreign passthru payment. As announced in Notice 2015-66, this ... Further Suspension of Potential “Foreign Passthru Payment” Withholding. FATCA provides that certain payments by an FFI to a non-compliant ... The proposed regulations extend FATCA's “grandfathering” period, delay the effective date for withholding on foreign-source passthru payments, provide potential ... Withholdable Payments. Chapter 4 withholding began on July 1, 2014, 39 for certain withholdable payments of FDAP and begins on Jan. 1, 2017, ... This document contains proposed regulations eliminating withholding on payments of gross proceeds, deferring withholding on foreign passthru payments. ... passthru payments, and provide that withholding on foreign-source passthru payments will begin no earlier than 2017. Thus, a non-participating foreign ...