Optimizing Passthru Payments for Efficient and Compliant FATCA Reporting

Under the proposed regulations, gross proceeds from the sale or other disposition of an asset will not be subject to FATCA withholding, and passthru payments ... ... payments made on or after January 1, 2019;; Defer the effective date for withholding on foreign passthru payments, a “passthru payment ... Under FATCA, payments of US source income to FFIs are subject to a 30% withholding tax unless the FFI is a participating FFI or otherwise exempt from ... Certain “passthru” payments will also be subject to FATCA – a passthru payment generally includes any portion of a payment that is not a ... Withholding on foreign passthru payments serves important purposes. ... Despite being attributable to the U.S. source payment, the payment made to ... (For example, as US Persons,. Foreign Financial Institutions or Non-Financial Foreign. Entities). • Report information to the IRS or local tax authority on all ... Searching publicly available information to determine the FATCA status of an entity, for example ... passthru payments' which is included in the ... Defer withholding on foreign passthru payments; Eliminate withholding on certain insurance premiums; Clarify the definition of investment entity ... so-called “foreign pass-thru payments” (essentially payments to foreign financial institutions organized as corporations with U.S. investors where the ... Foreign passthru payments made to recalcitrant account holders and nonparticipating FFIs by a participating FFI are also subject to withholding; ...