Passthru payments definition

Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.
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Passthru payments means any withholdable payment and any foreign passthru payment. To avoid becoming subject to the 30 per cent. withholding tax on payments to them, we and other foreign financial institutions may be required to report information to the IRS regarding the holders of the Securities and, in the case of holders who (i) fail to provide the relevant information, (ii) are foreign financial institutions who have not agreed to comply with these information reporting requirements, or
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Passthru payments means any withholdable payment and any foreign passthru payment. To avoid becoming subject to the 30 per cent. withholding tax on payments to them, we and other foreign financial institutions may be required to report information to the IRS regarding the holders of the Securities and, in the case of holders who (i) fail to provide the relevant information, (ii) are foreign financial institutions who have not agreed to comply with these information reporting requirements, or (iii) hold the Securities directly or indirectly through such non-compliant foreign financial institutions, we may be required to withhold on a portion of payments under the Securities. FATCA also requires withholding agents making withholdable payments to certain foreign entities that do not disclose the name, address, and taxpayer identification number of any substantial United States owners (or certify that they do not have any substantial United States owners) to withhold tax at a rate of 30 per cent. If payments on the Securities are determined to be from sources within the United States, we will treat such payments as withholdable payments for these purposes. In addition, it is possible that a paying agent or other intermediary will treat payments on the
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Examples of Passthru payments in a sentence

  • Passthru payments attributable to withholdable payments JSDA has been asserting that the basic concept of passthru should be “either withholdable payments or directly traceable to withholdable payments.” The proposed regulations provide that comments are continuously welcomed on simplified calculations of passthru percentage and the safe harbor rule in terms of regulations for passthru payment (Section III of the Preamble).

  • The intention of FATCA to impose the withholding on Passthru payments, was to capture multiple intermediaries leading to the end account holders.

  • Before testing, the functions of the system were analyzed to decide which tasks should be the focus of the evaluation.

  • Passthru payments Participating FFIs will be obligated to withhold on withholdable payments of U.S. source FDAP under section 1471(a) for payments made on or after January 1, 2014, but will not be required to withhold under section 1471(b)(1)(D) with respect to other passthru payments made before January 1, 2015.

  • Passthru payments also include certain non-U.S. source payments known as "foreign passthru payments." FATCA withholding on passthru payments does not begin until 1 January 2019.

  • The responsibilities set out in Part I of Schedule 1 to the Local Authorities (Functions and Responsibilities) (England) Regulations 2000 relating to making a closure order with respect to take away food shop (see Section 4 of the Local Government (Miscellaneous Provisions) Act 1982).

  • Passthru payments are subject to FATCA withholding effective January 1, 2015.

  • Passthru payments Participating FFIs will be obligated to withhold on withholdable payments of U.S. source FDAP under section 1471(a) and section 1472(a) for payments made on or after January 1, 2014, but will not be required to withhold under section 1471(b)(1)(D) with respect to other passthru payments made before January 1, 2015.

Related to Passthru payments

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Payments has the meaning set forth in Section 8.11.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Principal Payments For any Purchased Asset, all payments and prepayments of principal received for such Purchased Asset, including insurance and condemnation proceeds which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied and recoveries of principal from liquidation or foreclosure which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.