The US Treasury Department has published the official text of the intergovernmental agreement (IGA) between the United States and Israel that was signed on June 30, 2014 for implementation of the Foreign Account Tax Compliance Act (FATCA). The financial institutions in Israel will be needed to report tax information about US account holders to the government of Israel. The US will also give similar tax information to Israel regarding residents of Israel having accounts in the US. According to the article 10(1) of the US-Israel IGA, the IGA will enter into force on the date of Israel’s written notification to the US that Israel has finished its required internal procedures for entry into force of the IGA.
Related Posts
Canada suspends US trade negotiations, retaliates with matching tariffs
Prime Minister Mark Carney announced on 21 August 2026 that Canada's government has halted negotiations with the US
Read More
US: IRS launches digitally authenticated tax compliance report for individual taxpayers
The US Internal Revenue Service (IRS) announced on 20 August 2026 that a digitally authenticated Tax Compliance Report
Read More
US: IRS states interest rates to remain unchanged for Q4 2026
The US Internal Revenue Service (IRS) announced on 21 August 2026 that the interest rates will remain the same for the
Read More
US: IRS clarifies limitation on deduction for business interest expense
The US IRS has published updated Questions and Answers about the limitation on the deduction for business interest
Read More
US: Treasury, IRS propose eligibility rules for refundable individual tax credits
The US Treasury and IRS issued the proposed regulations on 18 August 2026. The rules would apply the eligibility
Read More
US: IRS reminds tax professionals to maintain written information security plans
The US Internal Revenue Service (IRS) and Security Summit partners reminded tax professionals, on 18 August 2026, to
Read More