Unlocking FATCA Compliance Foreign Passthru Payment Definitions

... define the term "foreign passthru payment" are filed with the Federal Register. Second, instruments that produce withholdable payments ... Non-Participating FFIs are not entitled to interest on any allowed refunds. III. Foreign Financial Institutions. A. FFI Defined - In general, an ... FATCA has a specific definition for financial institution that may be broader than the definition ... The approach to become a FATCA-compliant FFI depends ... Pass-through payments under FATCA are certain payments that would originate from a debtor payment, which passes through a foreign financial institution* (FFI) ... The purpose of FATCA is to reduce U.S. tax evasion by requiring certain “foreign financial institutions” to report information about U.S. holders of their non- ... FATCA withholding has two major parts: withholdable payments to foreign financial institutions (FFIs) and ... Passthru Payment. The regulations ... Announcement, until the definition of “foreign pass-thru payment” is defined, this debt ... blockers,” F.A.T.C.A. imposes a withholding tax on foreign pass-thru ... 1474, commonly referred to as FATCA) requires withholding agents to withhold 30% of certain payments to a foreign financial institution (FFI) ... The final regulations, like the proposed regulations, do not define foreign-source passthru payments,11 and provide that withholding on foreign- ... the recipient of the payment by eliminating this tax from the definition ... In addition, the passthru payment rules could cover payments on ...