Examples of FATCA Regulations in a sentence
The discussion above assumes that the Proposed FATCA Regulations will be finalised in their current form.
The Proposed FATCA Regulations also eliminate FATCA withholding on gross proceeds from the disposition of, or final payments, redemptions, or other principal payments made in respect of an instrument that may produce US source interest or dividends.
Such entities will2.1.14), which may be reportable if theyare controlled by USpersons (see abov2e.,1.11ly passive income, andtherefore carry fewer obligations under the FATCA Regulations and the UAE IGA.The definitions of Active and Passive No-Fninancial Foreign Entities are outlined at Sections 9 and 10, respectively.
The effective date for withholding on "foreign passthru payments" above reflects recently proposed US Treasury regulations ("Proposed FATCA Regulations") which delay the effective date for withholding on foreign passthru payments.
In particular your attention is drawn to the US IGA, the US Treasury FATCA Regulations, the UK IGA and the OECD Common Reporting Standard.
Many jurisdictions have signed an IGA that would transpose most of the obligations resulting from FATCA Regulations into local law and at the same time would create specific exemptions or reduced compliance requirements for FFIs located in IGA countries compared to FFIs located in other jurisdictions.
The SICAV qualifies as Luxembourg FFI and is therefore subject to the provisions of the Luxembourg FATCA Regulations.
The entity only provides investment advisory services, or investment management services, to customers, for the purposes of their investmendtesposited with other qualifying Financial Institutions (which would themselves be expected to comply with the FATCA Regulations and the UAE IGA).
The FATCA Regulations provide that amounts earned by an insurance company in connection with its reserves for insurance and annuity contracts are passive income, and such incomsehould also be treated as passive income under the UAE IGA.
The Entity has a sponsor, or parent company that registers with the IRS to carry out all necessary obligations under the FATCA Regulations or the UAE IGA on behalfof the Entity.