Harness the Power of Passthru Payments for Seamless FATCA Reporting

Passthru Payments become effective as of January 1, 2015 at the earliest. Page 5. Note: In spite of the partial slowdown of the implementation of the FATCA ... To present one very real example, although payments on a swap entered into by a US ... passthru payments the grandfathered obligation date be ... Remove withholding on payments of gross proceeds; · Defer withholding on foreign passthru payments; · Eliminate withholding on certain insurance ... Searching publicly available information to determine the FATCA status of an entity, for example ... passthru payments' which is included in the ... Under FATCA, participating foreign financial institutions (FFIs) must agree to withhold at the 30% rate on foreign passthrough payments made to ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. If these conditions are met, payments to the active NFFE are not subject to the FATCA withholding. ... 331; for more details about 'passthru payments', see Harvey ... The FATCA regulations also require a participating FFI to withhold 30% of any “passthru payment” to certain recalcitrant account holders or FFIs ... (4) Foreign passthru payments. A participating FFI is not required to deduct ... For example, if a relationship manager is notified that the account ... withholding. ▫ Compliance date is January 1, 2019 for withholdable payments that are gross proceeds or “pass-thru” payments. ▫ Reporting Model 1 FFI had ...