Foreign Passthru Payments for Beginners A Step-by-Step Guide for 2017

"Passthru" Payments. Under the Proposed Regulations, withholding will not be required with respect to "foreign passthru payments" before January ... Participating FFIs are not required to withhold on foreign passthru payments until the later of January 1, 2017 or six months after the date on which Treasury ... ... foreign income of multinational corporations from tax. 20 percent deduction for pass-through income. The law adopted a new 20 percent ... ... foreign passthrough payments. Certain payees are exempt from FATCA ... 1, 2017, for offshore payments of U.S.-source income, 40 for ... foreign passthru payments. In exchange, Japan generally agreed to (A) ... January 1, 2017,24 and discussed the existence of the negotiations with ... Deferral of withholding on “foreign passthru payments. “An FFI that has an agreement described in Code Sec. 1471(b) in effect with IRS is ... This obligation was included as a temporary solution to the requirement to withhold on 'foreign passthru payments' which is included in the US provisions. Withholding on foreign passthru payments will not begin before January 1, 2017, although transitional reporting of payments of certain FDAP ... Similar to withholding on gross proceeds, Treasury and the IRS have previously deferred the date when withholding on foreign passthru payments ... No earlier than January 1, 2017 - Withholding on Foreign Passthru Payments begins. Intergovernmental Agreements. Many foreign governments ...