Unlocking the Secrets of FATCA Passthru Payment Withholding for Global Taxpayers

... payments” until two years after final regulations defining foreign passthru payments are published. Foreign financial institutions located in jurisdictions ... The 30% withholding tax applies to all payments that are 'withholdable payments'. This is a very wide definition and includes a variety of US ... Importantly, from 1 January 2017,. Participating FFIs must deduct withholding on payments to non-participating or uncooperative FFIs (“passthru payments”) and ... If a withholding agent has knowledge of the facts that give rise to a payment but is unable to determine at the time of payment the source of the payment, such ... An FFI is required to deduct and withhold 30% of any passthru payment made to a recalcitrant account holder or non-participating FFI. A passthru ... Under FATCA, US-based funds are treated as US financial institutions (USFIs) and are required to withhold on payments to non-US entity investors who refuse to ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. Specifically, the proposed regulations eliminate withholding on payments of gross proceeds, defer withholding on foreign passthru payments ... withholding on certain payments (“Withholdable Payments”). ... Deferral of FATCA Withholding on Foreign Pass-thru Payments: “Foreign Pass-thru. January 1, 2019: Withholding on “foreign passthru payments” will become effective the later of January 1, 2019 or the date of publication of the ...