Finanse publiczne · 06/03/2014

IRS and Treasury Department Issue Final and Temporary Regulations on Reporting by Foreign Financial Institutions and Withholding on Certain Payments

The Internal Revenue Service (IRS) and the Treasury Department have published final and temporary regulations that require foreign financial institutions to report on U.S. accounts and withhold taxes on certain payments to these institutions and other foreign entities, as outlined in the Internal Revenue Code of 1986.