RP-2017-46: September 2017 Supplement to Rev. Proc. 2014-64, Implementation of Nonresident Alien Deposit Interest Regulations
Internal Revenue Service (IRS) sent this bulletin at 09/29/2017 03:07 PM EDT
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Issue Number: RP-2017-46Inside This IssueRevenue Procedure 2017-46 updates Rev. Proc. 2016-56 (published in December 2016) and Rev. Proc. 2017-31 (published in March 2017) to add countries to the list of countries set forth in Section 3 and Section 4 of Rev. Proc. 2014-64. Section 3 lists the countries with respect to which the reporting requirement of Treas. Reg. §§1.6049-8(a) and 1.6049-4(b)(5) applies, while Section 4 lists the countries with which the Treasury Department and the IRS have determined that it is appropriate to have an automatic exchange relationship with respect to bank deposit interest income information under those regulatory provisions. Rev. Proc. 2017-46 adds two countries (Faroe Islands and Greenland) to the Section 3 list and two countries (Croatia and Panama) to the Section 4 list. Revenue Procedure 2017-46 will be in IRB 2017-43, dated 10/28/17. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |