IRS postposes FATCA withholding requirements

07/14/2013 | Journal of Accountancy online

On Friday, the Internal Revenue Service issued Notice 2013-43, which delays the requirement that withholding agents withhold on payments to foreign financial entities and non-financial foreign entities for six months. It also provides additional guidance on the treatment of financial institutions located in jurisdictions that have signed intergovernmental agreements to implement Foreign Account Tax Compliance Act but have not yet brought those IGAs into force.

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