Unlocking the Potential of FATCA Passthru Payments for 2019

A “passthru payment” is defined in the regulations to mean a withholdable payment and any foreign passthru payment. The FATCA regulations ... Although FATCA was enacted in 2008, the IRS extended several FATCA related effective dates and in particular extended until January 1, 2019, the ... Participating FFIs must withhold on any passthru payments made to their recalcitrant account holders and to nonparticipating FFIs. Similar to ... Foreign Passthru Payments are Withholdable Payments or payments attributable to a withholdable payment paid by a. FFI. Will this Increase the Amount of ... Treatment of Passthru Payments and Gross Proceeds. The Parties are committed to work together, along with Partner Jurisdictions, to develop ... ... payments of gross proceeds, deferred withholding on foreign pass thru payments, eliminated withholding on certain insurance premiums, and clarified the ... FATCA was the revenue-raising portion of the 2010 domestic jobs stimulus bill, the Hiring Incentives to Restore Employment (HIRE) Act, and was enacted as ... An FFI other than a PFFI, Reporting Model 2 FFI, or RDCFFI that is not required to file Form 8966 may still be required to report a payment ... ... passthru payment” described in section 1471(d)(7) of the Code not falling ... payment under a Finance Document required by FATCA. "FATCA Exempt Party ... ... 2019. The notice also delays the date for foreign passthru payment to 1st January 2019. PwC Indonesia insight on FATCA Announcement (Notice ...