Revolutionizing FATCA Passthru Payment Withholding Cutting-Edge Solutions

The tax is imposed on the person making the payment to the foreign person, and this payor is often a US financial institution; the payor/withholding agent has ... ... FATCA.60 Withholding by participating FFIs begins on payments made after 31 December 2013.61 Withholding on foreign passthru payments is ... Under FATCA, payments of US source income to FFIs are subject to a 30% withholding tax unless the FFI is a participating FFI or otherwise exempt from ... If a withholding agent has knowledge of the facts that give rise to a payment but is unable to determine at the time of payment the source of the payment, such ... 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 ... (C) A foreign passthru payment subject to withholding under chapter 4. (ii) ... FATCA Report,” regardless of whether withholdable payments are made to such ... Withholding on Withholdable Payments consisting of U.S.-source dividends, interest and certain other income is required commencing January 1, ... ... withholding on payment of gross proceeds (definition of FATCA ... passthru payments (until 2 years after the definition of such ... The spectre of withholding on "foreign passthru payments" (non-US source payments derived from US sources) is pushed back to at least 2021. The proposed regulations defer withholdings on pass-through payments. A pass-through payment is any payment made by a foreign financial ...