Finanse publiczne · 06/01/2017

IRS Proposes Regulations for Foreign Financial Institutions and Non-Financial Foreign Entities

The Internal Revenue Service (IRS) has released proposed regulations under Chapter 4 of the Internal Revenue Code of 1986, outlining verification requirements and reporting obligations for foreign financial institutions and non-financial foreign entities that agree to perform due diligence, withholding, and reporting requirements on behalf of these entities.