Tags » Foreign Account Tax Compliance Act

The December 31, 2014 FATCA deadline is looming: Are you ready?


The due diligence on preexisting entity account held by prima facie FFI must be completed on December 31, 2014. New account due diligence procedures must also be in place to establish the FATCA (Foreign Account Tax Compliance Act) status of new entity accounts. 174 more words

Thomson Reuters Accelus

US and Hong Kong Sign Model 2 Intergovernmental agreement (IGA)

The United States and Hong Kong signed a Model 2 IGA, on 13 November 2014, to implement the US Foreign Account Tax Compliance Act (FATCA). 69 more words


US and Bahamas Sign Agreement To Implement Foreign Account Tax Compliance Act (FATCA)

The United States and The Government of Bahamas signed FATCA Model 1B agreement on 3 November 2014.

The US-Bahamas IGA is based on the non-reciprocal Model 1B agreement. 99 more words


Hundreds Give Up US Passports After Tax-Disclosure Rules Start

The number of Americans renouncing U.S. citizenship increased 39 percent in the three months through September after rules that make it harder to hide assets from tax authorities came into force. 275 more words

In The News

Cyprus: Association of Cyprus Banks (ACB) Plans to Implement FATCA

In against to tax evasion, member banks of the Association of Cyprus Banks (ACB) are currently in the process of implementing the Foreign Account Tax Compliance Act (FATCA). 141 more words


US signed Intergovernmental Agreement (IGA) with Poland

The US Treasury Department has posted the official text of the intergovernmental agreement (IGA) that the United States signed with Poland on 7 October 2014 for implementation of the Foreign Account Tax Compliance Act (FATCA). 30 more words