Understand FATCA Pass-Through Payments A Comprehensive Guide for 2017

A passthru payment that is a withholdable payment would be subject to FATCA ... payments made before January 1, 2017. Instead ... alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 3. Documentation of ... 1474, commonly referred to as FATCA) requires withholding agents to withhold 30% of certain payments to a foreign financial institution (FFI) ... Further Suspension of Potential “Foreign Passthru Payment” Withholding. FATCA provides that certain payments by an FFI to a non-compliant ... passthru payments starting in 2017. II. Grandfathered obligations ... as any withholdable payment and any foreign passthru payment; however, they ... The grandfather date for obligations giving rise to foreign passthru payments or dividend equivalents under Section 871(m) of the Internal ... o U.S. credit union FATCA due diligence and withholding begin January 1, 2017 ... (“foreign passthru payment” will be defined in a future IRS ... final regulations are published defining the term foreign passthru payment. ... GIINs until January 1, 2017. For payments made to a ... The February Proposed Regulations extend the date on which FATCA withholding begins on foreign pass-thru payments from 1 January 2015 to 1 January 2017. The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements.