Nil Reports not required by Model 1 IGA FIs
In a recent update of the IDES Technical FAQ the IRS published the statement that: “Only Direct Reporting Non-Financial Foreign... Continue reading →
Qatar signed a Model 1 IGA with the U.S
On 7 January 2015 Qatar and the United States signed a Model 1 IGA. The text can be found here: FATCA-Agreement-Qatar-1-7-2015
End of year GIIN list analysis
End of 2014 leads to an update of the GIIN list, showing all registered FFIs per country. The list now... Continue reading →
Cayman Islands Tax Information Authority issued Guidance Notes for FATCA implementation
On 15 December 2014 the Cayman Islands Tax Information Authority issued guidance notes on FATCA implementation for the IGAs between Cayman... Continue reading →
India expected to sign IGA before 31 December
The reputable site LiveMint.com reports that India is expected to sign an IGA with the U.S. before the end of... Continue reading →
United States Treasury have added 11 countries to “substantial IGA” list
The United States Treasury have added countries to the list of jurisdictions that have reached agreements in substance. The new... Continue reading →
U.S. Treasury published an update of the second Notification of more favorable terms
On 25 November the U.S. Treasury published an update of the second notification of more favorable terms. The notification is still based on... Continue reading →
World view of registered FFIs
Below is a picture of the registrations per November 22nd, 2014. FATCA is global. My expectations as to the numbers... Continue reading →
Barbados signed a Model 1 IGA with the United States
On 18 November 2014 Barbados signed a Model 1 IGA. The text can be downloaded here: FATCA-Agreement-Barbados-11-17-2014
Hong Kong signed a Model 2 IGA
On 13 November 2014 Hong Kong and the United States signed an Intergovernmental Agreement (IGA) to facilitate compliance with the U.S.... Continue reading →