The Resource IRS releases initial guidance on withholding under Foreign Account Tax Compliance Act

IRS releases initial guidance on withholding under Foreign Account Tax Compliance Act

Label
IRS releases initial guidance on withholding under Foreign Account Tax Compliance Act
Title
IRS releases initial guidance on withholding under Foreign Account Tax Compliance Act
Creator
Subject
Language
eng
Summary
Notice 2010-60 clarifies the grandfather rules under the recent US Foreign Account Tax Compliance Act (FATCA) rules and gives preliminary guidance on what entities will or will not be treated as foreign financial institutions for the purposes of the rules. Notice 2010-60 also gives detailed guidance on the due diligence financial institutions will need to undertake to avoid being subject to the Foreign Account Tax Compliance Act withholding. However, there are many issues left unanswered that will hopefully be clarified in future guidance
Citation source
In: Derivatives and financial instruments. - Amsterdam. - Vol. 12 (2010),
http://library.link/vocab/creatorName
Carman, P
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • grandfather clause
  • due diligence
  • treaty override
  • withholding tax
Label
IRS releases initial guidance on withholding under Foreign Account Tax Compliance Act
Instantiates
Publication
Label
IRS releases initial guidance on withholding under Foreign Account Tax Compliance Act
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...