Chapter 4 of the Internal Revenue Code
GPTKB entity
Statements (16)
Predicate | Object |
---|---|
gptkbp:instanceOf |
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
|
https://www.w3.org/2000/01/rdf-schema#label |
Chapter 4 of the Internal Revenue Code
|
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
|