Unleashing the Potential of FATCA Passthru 2017 A Guide to Optimization

The proposed regulations extend FATCA's “grandfathering” period, delay the effective date for withholding on foreign-source passthru payments, provide potential ... ... foreign passthru payments will begin;. (2) the use of limited ... 2017. A limited FFI or limited branch that becomes able to comply with ... 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 ... 2017 (see the Appendix for a FATCA timeline). • Position of UK ... apply FATCA withholding on passthru payments to others. Under the ... No withholding on foreign passthru payments until, at least, January 1, 2019;; Extension of time until January 1, 2017, to use limited ... As mentioned above, the Regulations fail to address how "foreign passthru withholding" is to work in practice. ... 2017, being the earliest date ... IRS Issues Final Regulations on FATCA · Delaying until January 1, 2017 the start date for withholding on gross proceeds from the sale, redemption, repurchase or ... Foreign passthru payment withholding is deferred until January 1, 2017. However, Participating FFIs generally will be required to report ... With the issuance of the Final Regulations, taxpayers and other affected stakeholders have increased clarity regarding the application of FATCA ... Reporting on gross proceeds is to begin in. 2017. Passthru Payments. The proposed regulations would provide that withholding is not required ...