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