Israel: Implementation of the automatic exchange of financial account information
The Finance Ministry has introduced on 27th October 2014 that Israel may begin the implementation of the automatic exchange of financial account information by the end of 2018. For the automatic exchange of information, financial institutions will
See MoreHong Kong: FATCA Agreement Nears Conclusion
Hong Kong and the United States are nearing a conclusion to negotiations for an inter-governmental agreement (IGA) to pave the way for Hong Kong financial institutions to comply with the Foreign Account Tax Compliance Act (FATCA). The FATCA is due
See MoreSingapore- US: Reach FATCA Agreement
The US and Singapore have completed their negotiations in respect of an intergovernmental agreement (IGA) to allow institutions in Singapore to carry out the provisions of the Foreign Account Tax Compliance Act (FATCA). The FATCA requires the IRS to
See MorePakistan Warns Banks to Register For FATCA
The State Bank of Pakistan has issued advice to financial institutions to ensure that they register with the US IRS in respect of the Foreign Account Tax Compliance Act (FATCA). They have given this advice because the intergovernmental agreement
See MoreIsrael and US Reach FATCA Agreement
Israel and the US have agreed on the wording of an intergovernmental agreement (IGA) that will enable the provisions of the US Foreign Account Tax Compliance Act (FATCA) to be carried out in Israel. The FATCA takes effect from 1 July 2014 and from
See MoreSweden – Intergovernmental agreement under FATCA
The US and Sweden have reached substantial agreement on the content of an intergovernmental agreement (IGA) in relation to the US FATCA regulations. The aim of such agreements is to allow the relevant information required by FATCA to be exchange
See MoreItaly Consults on FATCA Agreement with US
Italy commenced a consultation on 23 April 2014 on the content of the inter-governmental agreement (IGA), concluded on 10 January 2014, to carry out the requirements of the Foreign Account Tax Compliance Act (FATCA) between Italy and the United
See MoreHong Kong and USA working for FATCA IGA
Hong Kong and the United States signed a tax information exchange agreement (TIEA) on March 25 2014. This will provide the legal framework within which an intergovernmental agreement (IGA) can be signed to enable the transfer of information in
See MoreSouth Korea and US Agree on Text Of FATCA Agreement
South Korea has announced that it has agreed to the regular exchange of information with the US from next year to assist the implementation of the Foreign Account Tax Compliance Act (FATCA). The FATCA legislation in the US aims to ensure that the US
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