Unleashing the Power of FATCA Pass-Through Payments A 2017 Guide

- Withhold tax on foreign passthru payments made to recalcitrant accounts and nonparticipating ... reported in years 2016 and 2017, with ... ... foreign passthru payments will begin;. (2) the use of limited ... For a payment made on or after January 1, 2017, a withholding agent ... FATCA imposes new reporting and withholding obligations on foreign financial institutions and certain other foreign persons which must be complied with in order ... withholding and reporting. Jan. 1, 2017. Start of FATCA withholding on gross proceeds payments. Earliest date to apply expanded withholding pass thru payments ( ... The Regulations further provide, as noted above, that an obligation will not give rise to a foreign passthru payment if it is entered into on or ... ... 2017: Beginning of withholding tax on other US payments (gross proceeds…). What is the FATCA? Participating Foreign Financial Institutions (PFFI) ... 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- ... Withholding on passthru payments prior to January 1, 2017 will be limited to payments by participating FFIs of U.S. source FDAP, such as payments of interest or ... ... (FATCA) regime. The proposed regulations would eliminate withholding on payments of gross proceeds, defer withholding on foreign passthru ... alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden. 2. Documentation of ...