US: IRS Launches International Data Exchange Service For FATCA
The US IRS on January 12 2015 announced that its international data exchange service (IDES) website is open for enrollment. Financial institutions and host country tax authorities will use IDES to securely send their information reports on financial
See MoreUS-Qatar Sign FATCA Agreement
The United States and Qatar signed an Intergovernmental Agreement (IGA), on January 7, 2015, for implementation of the Foreign Account Tax Compliance Act (FATCA). The agreement is based on the Non-reciprocal Model 1B Agreement (No TIEA or DTC).
See MoreCzech Republic-US FATCA agreement enters into force
The Foreign Account Tax Compliance Act (FATCA) Model 1A agreement (2014) between Czech Republic and United States has entered into force on 18th December 2014. Further detail of this treaty will be reported
See MoreUS and Curaçao Sign FATCA Intergovernmental Agreement
An intergovernmental agreement (IGA) for the implementation of the Foreign Account Tax Compliance Act (FATCA) was signed between Curaçao and the United States, on December 16, 2014. Details of the agreement will be reported when they are
See MoreUS And Bulgaria Sign FATCA Deal
An intergovernmental agreement (IGA) for the implementation of the Foreign Account Tax Compliance Act (FATCA) requirements was signed between Bulgaria and the United States on December 9, 2014. Bulgaria has formally signed up to the US FATCA rules
See MoreUS And Singapore Sign FATCA Intergovernmental Agreement
An intergovernmental agreement (IGA) for the implementation of the Foreign Account Tax Compliance Act (FATCA) has signed between Singapore and the United States, on December 9, 2014. FATCA was enacted by the US Congress in 2010 and took effect on
See MoreUS And Cyprus Sign FATCA Intergovernmental Agreement
An intergovernmental agreement (IGA) for the implementation of the Foreign Account Tax Compliance Act (FATCA) has signed between Cyprus and the United States, on December 2, 2014. Under the agreement, Foreign Financial Institutions (FFIs) in Cyprus
See MoreUAE: Complying with the United States FATCA
The Dubai Financial Services Authority (DFSA) dispensed a letter to Dubai International Financial Center (DIFC), on 1 May 2014, regarding a program to collaborate with the United States on Foreign Account Tax Compliance Act (“FATCA”) compliance.
See MoreEstonian government approves FATCA with US
On November 27, 2014, the finance ministry declared, Estonian government approved the tax information exchange bill with USA. The Foreign Account Tax Compliance Act (FATCA) agreement is based on the U.S. FATCA, which aims to collect information
See MoreMauritius: Guidance for implementing FATCA
The Mauritius Revenue Authority released guidance on 26 November 2014 which is intended to provide practical assistance to financial institutions, businesses, and officials dealing with the application of the FATCA regulations. Also, this guidance
See MoreFATCA Agreement Sign Between Barbados And United States
The Government of Barbados and the United States have signed an inter-governmental agreement (IGA), on 17 November 2014, to facilitate compliance with the US Foreign Account Tax Compliance Act (FATCA). Under the agreement, Foreign Financial
See MoreIsrael: 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 MoreUS 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). Under the agreement, Foreign Financial Institutions (FFIs) in Hong Kong will report the information required
See MoreUS 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. Under the agreement, Foreign Financial Institutions (FFIs) in Bahamas will
See MoreCyprus: 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). They have expected to implement the act in the upcoming intergovernmental
See MoreUS 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). Both the Government
See MoreUS-Brazil: Intergovernmental agreement (IGA) has been signed
Brazil and the United States signed an IGA (intergovernmental agreement) on 23 September 2014 in order to apply FATCA (Foreign Account Tax Compliance Act). The new IGA was focused on the FATCA requirements intended to identify the financial
See MoreHungary and US FATCA enters into force
The Foreign Account Tax Compliance Act (FATCA) agreement (2014) between Hungary and the United States entered into force on 16 July 2014. Under the agreement, Foreign Financial Institutions (FFIs) in Hungary will report the information required
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