Passthru Payments and FATCA A Comprehensive Guide for Financial Institutions

1, 2014 with transitional relief for payments of gross proceeds and passthru payments. 5. November 2013. Page 6. PwC. ➢ The objective of FATCA ... As the proposed regulations reserve on the definition of “foreign passthru payments,” however, it is not clear whether debt or equity ... FATCA withholding may be required for "foreign pass-through payments", which are expected to be the subject of future U.S. guidance. 11. What are the ... For example, the IRS (i) will be required to finalize revised Forms W-8 to comport with FATCA requirements,3 (ii) must release a standard FFI Agreement, (iii) ... 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 ... The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. Treatment of Passthru Payments and Gross Proceeds. The Parties are committed ... A certificate of residence issued by an authorized government body. (for example, ... In addition, an FFI must withhold. 30% on any pass-through payment it makes to a “recalcitrant account holder”, as well as on payments it makes ... FATCA subjects to withholding certain payments made by FFIs to nonparticipating FFIs and recalcitrant account holders (Foreign Passthrough ... FATCA. Two model intergovernmental agreements (Model I and Model ... objectives of pass thru payments, but which removes the legal problems for Financial.