Foreign Passthru Payments Simplified Your Guide for 2017

Withholding on foreign passthru payments will not begin before January 1, 2017, although transitional reporting of payments of certain FDAP ... ... foreign entities ("NFFEs"). To avoid ... 2017, the earliest. Additional regulations will be issued to provide guidance on passthru payments. Withholdable payments to foreign financial institutions. (a) In general. In ... (7) Passthru payment. The term "passthru payment" means any withholdable ... potentially foreign pass thru payments for calendar year. 2017. 2014. 2013. 2012. Page 15. PwC. (1) IGA: Intergovernmental Agreement. (2) ... ... 2017, the effective date for withholding gross proceeds and foreign passthru payments. Therefore, the major withholding concern is the residual withholding ... Second, withholding on foreign passthru payments prevents nonparticipating FFIs from avoiding FATCA by investing in the. United States through a ... This obligation was included as a temporary solution to the requirement to withhold on 'foreign passthru payments' which is included in the US provisions. Delay in withholding on passthru payments that are not withholdable payments ... payments made before January 1, 2017. Instead, participating FFIs would ... ... Pass-through Payment legislation is enacted, no earlier than 2017. ... foreign passthru payments. This withholding will now not be required ... ... foreign passthrough payments. Certain payees are exempt from FATCA ... 1, 2017, for offshore payments of U.S.-source income, 40 for ...