Unlocking the Potential of FATCA Foreign Passthru Payments

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- ... ... foreign financial institutions (FFIs – see definition of an ... foreign law that would prevent an FFI from reporting the information required under FATCA. The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. FATCA withholding has two major parts: withholdable payments to foreign financial institutions (FFIs) and ... Passthru Payment. The regulations ... ... FATCA reporting or to FFIs that do not themselves enter into FFI ... In the case of “foreign passthru payments,” the definition of which is ... FATCA imposes reporting requirements on FFIs regarding their US account holders, as well as obligations on non-financial foreign entities (NFFEs) regarding ... The Foreign Account Tax Compliance Act (FATCA) is a unilateral set of US regulations that applies worldwide for all countries. Payments treated as foreign passthru payments may be treated as ... The definition of a withholdable payment in the Final Regulations generally is. ... definition of foreign pass-through payment in the Proposed Regulations,. Treasury and the IRS have provided some indications of the future definition: (1) No ... The IRS has reserved the possibility of introducing withholding on “foreign passthru payments”. ... Means the Foreign Account Tax ...