FATCA Intergovernmental Agreements
Posted by William Byrnes on January 13, 2014
As of December 31, 2013 the U.S. has eighteen IGAs signed and published, although others have been agreed in principle but not yet signed. Fifteen of the current eighteen IGAs are based on Model 1: Costa Rica, Denmark, France, Germany, Guernsey, Ireland, Isle of Man, Jersey, Malta, Mexico, the Netherlands, Norway, Spain, the UK. Three IGAs are based on Model 2, being Bermuda, Japan and Switzerland.
Joint Statements and Signed Bilateral Agreements
- Bilateral Agreement between the US and Bermuda to Implement FATCA (12-19-2013)
- Bilateral Agreement between the US and Malta to Implement FATCA (12-16-2013)
- Bilateral Agreement between the US and the Netherlands to Implement FATCA (12-18-2013)
- Bilateral Agreement between the US and Guernsey to Implement FATCA (12-13-2013)
- Bilateral Agreement between the US and the Isle of Man to Implement FATCA (12-13-2013)
- Bilateral Agreement between the US and Jersey to Implement FATCA (12-13-2013)
- Bilateral Agreement between the US and the Cayman Islands to Implement FATCA (11-29-2013)
- Bilateral Agreement between the US and Costa Rica to Implement FATCA (11-26-2013)
- Bilateral Agreement between the US and France to Implement FATCA (11-14-2013)
- Statement between the US Department of the Treasury and the Authorities of Japan to Implement FATCA (6-11-2013)
- Bilateral Agreement between the US and Germany to Implement FATCA
(5-31-2013) - Bilateral Agreement between the US and Spain to Implement FATCA
(5-14-2013) - Bilateral Agreement between the US and Norway to Implement FATCA
(4-15-2013) - Bilateral Agreement between the US and Switzerland to Implement FATCA
(2-14-2013) - Bilateral Agreement between the US and Ireland to Implement FATCA
(1-23-2013) - Bilateral Agreement between the US and Mexico to Implement FATCA
(11-19-2012) - Bilateral Agreement between the US and Denmark to Implement FATCA
(11-19-2012) - Bilateral Agreement between the US and the UK to Implement FATCA
(9-12-2012)
FATCA Compliance Program and Manual
Fifty contributing authors from the professional and financial industry provide 600 pages of expert analysis within the LexisNexis® Guide to FATCA Compliance (2nd Edition): many perspectives – one voice crafted by the primary author William Byrnes.
The LexisNexis® Guide to FATCA Compliance (2nd Edition) comprises 34 Chapters grouped in three parts: compliance program (Chapters 1–4), analysis of FATCA regulations (Chapters 5–16) and analysis of FATCA’s application for certain trading partners of the U.S. (Chapters 17–34), including intergovernmental agreements as well as the OECD’s TRACE initiative for global automatic information exchange protocols and systems. The 34 chapters include many practical examples to assist a compliance officer contextualize the regulations, IGA provisions, and national rules enacted pursuant to an IGA. Chapters include by example an in-depth analysis of the categorization of trusts pursuant to the Regulations and IGAs, operational specificity of the mechanisms of information capture, management and exchange by firms and between countries, insights as to the application of FATCA and the IGAs within new BRIC and European country chapters.
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Eric Gonchar said
Eric Gonchar
FATCA Intergovernmental Agreements « Byrnes’ Tax & Wealth Management Blog
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