Unveiling the FATCA Pass-Through Payment Framework for 2017

ending in 2017. If an institution fails to comply ... withholding on “Passthru” payments (income payments from an FFI to a foreign individual or entity. ... pass-through payments, 1 January. 2017. While these dates may seem distant, all FFIs and US persons who make payments to FFIs should start to take ... payments and “foreign passthru payments” that the FFI makes to. NEW ... 2017 and the date that is six months after the publication of such ... ... 2017, or the date of publication in the Federal Register of final regulations defining foreign passthru payment. As announced in Notice 2015-66, this ... ... 2017 for offshore U.S. source income, gross proceeds and foreign passthru payments. FDAP income includes items such as compensation, dividends, interest ... 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 ... Lastly, under the Proposed Regulations, withholding will not be required of FFIs with respect to pass-through payments before January 1, 2014, ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. Withholding on Foreign Passthru Payments will begin no earlier than January 1, 2017. FATCA subjects to withholding certain payments made by FFIs to nonparticipating FFIs and recalcitrant account holders (Foreign Passthrough ...