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IRS to extend FATCA transitional rules

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The US Internal Revenue Service is to extend the FATCA transitional rules for withholding on gross proceeds and foreign pass through payments, limited branch and limited FFI status, and registering sponsored entities.

The US Internal Revenue Service is to extend the FATCA transitional rules for withholding on gross proceeds and foreign pass through payments, limited branch and limited FFI status, and registering sponsored entities. It will also modify the rules for grandfathered obligations with respect to collateral, and ease reporting under a model 1 IGA. See www.1.usa.gov/1L2RJ8R.

Issue: 1278
Categories: News , International taxes
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