KB FATCA

Definition: An FFI may only be treated as an owner documented FFI with respect to payments received from and accounts held with a designated withholding… Read More »Owner Documented FFI’s

Definition: Foreign Account Tax Compliance Act (FATCA) Withholding refers to amounts required to be withheld on payments subject to withholding under chapter 4 of the… Read More »FATCA Withholding

Definition: Foreign Account Tax Compliance Act (FATCA) Reporting generally refers to two types of reporting. Withholding agents are required to report withholdable payments to which… Read More »FATCA Reporting

Definition: A direct reporting NFFE means a NFFE that elects to report information about its direct or indirect substantial U.S. owners to the IRS and… Read More »Direct Reporting NFFE