Chapter 4 of the Internal Revenue Code
GPTKB entity
Statements (16)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:chapter_of_the_Internal_Revenue_Code
|
| gptkbp:appliesTo |
foreign financial institutions
non-financial foreign entities |
| gptkbp:codifiedIn |
26 U.S.C. §§ 1471–1474
|
| gptkbp:dateEnacted |
2010
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:focusesOn |
gptkb:Foreign_Account_Tax_Compliance_Act
|
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:penalty |
30% withholding tax on certain payments to non-compliant foreign financial institutions
|
| gptkbp:purpose |
improve tax compliance by U.S. persons with foreign financial assets
|
| gptkbp:relatedTo |
gptkb:FATCA
|
| gptkbp:requires |
foreign financial institutions to report information about financial accounts held by U.S. taxpayers
|
| gptkbp:sectionRange |
sections 1471 to 1474
|
| gptkbp:bfsParent |
gptkb:IRS_Form_W-8BEN-E
|
| gptkbp:bfsLayer |
7
|
| https://www.w3.org/2000/01/rdf-schema#label |
Chapter 4 of the Internal Revenue Code
|