Secure and Seamless Passthru Payments Meeting FATCA Compliance

For example, if a US person owns an account or a foreign entity holds US securities, payments to those respective accounts will be subject to FATCA (or Form ... ... passthru payments (“foreign passthru payments”) starting in 2017. The term “withholdable payment” means (1) any payment of U.S. source FDAP ... FATCA compliant. Passthru payments include withholdable payments and, beginning no earlier than 1 January 2017,. "foreign passthru payments". The table below shows regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements. ... passthru payments for NPFFIs and recalcitrant account holders. Section 1471 ... The ultimate objective of FATCA is to levy taxes upon persons qualified under ... The agreement will also obligate FFIs to withhold on passthru payments made by the FFI. ▫. Payments to NFFEs will be subject to FATCA. Extend the date on which “Participating FFIs” must withhold tax on certain “passthru payments” until January 1, 2017; and ... Foreign investment funds, organized ... example, through a nominee) a mandatory distribution or may receive, directly or ... Treatment of Passthru Payments and Gross Proceeds. The Parties are committed ... FFIs are expected to enter into PFFI agreements that will require them to withhold on foreign pass-through payments before Treasury actually explains which ... Withholdable payments under FATCA are payments of interest, dividends, rents, and certain other specified items of income from US sources. Pass-through payments ...