Important Deadlines and Effective Dates Under Proposed FATCA Regulations

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Explore:  Deadlines FATCA FFI PFFI

2013

• FFIs may begin to apply to enter into FFI agreements

• To qualify for PFFI status by the time FATCA withholding first becomes effective on January 1, 2014, an FFI will be required to execute an FFI agreement with the IRS by June 30, 2013

2014

• ATCA withholding begins on withholdable payments that are US-source FDAP

• PFFIs must begin reporting limited information relating to US investors and non-US non-FFI investors for the prior year (name, address, taxpayer identification number, account number (if any), investment balance)...

Please see full article below for more information.

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Topics:  Deadlines, FATCA, FFI, PFFI

Published In: Administrative Agency Updates, Finance & Banking Updates, International Trade Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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