Proposed Regulations Released – FATCA and More!

On December 13, 2018, Treasury released proposed regulations under chapter 4 (sections 1471 through 1474) commonly known as the Foreign Account Tax Compliance Act (FATCA), as well as sections 1441 and 1461.


The proposed changes include the following:


• eliminating withholding on payments of gross proceeds,

• deferring withholding on foreign passthru payments,

• eliminating withholding on certain insurance premiums,

• clarifying the definition of investment entity,

• guidance concerning certain due diligence requirements of withholding agents, and

• guidance on refunds and credits of amounts withheld.


Watch for our article this week on our blog page that will be going into detail on these regulations. If you would like a copy of the proposed regulations, click on the following link: https://lnkd.in/exaFiiU




About Us

Comply Exchange has been created to give businesses and individuals the support they need to comply with the ever increasing regulatory tax burdens.

To see how our services can help your business, to have an informal discussion or to see how our products work, schedule a demo today. Or contact us today to find out more.

Connect with us:

COMPANY

About Us

Solutions

Blog

Contact Us

LEGAL

Privacy

Terms & Conditions

  • White YouTube Icon
  • White LinkedIn Icon
  • White Twitter Icon