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William Byrnes (Texas A&M) tax & compliance articles

Turks & Caicos plus Azerbaijan IGAs bring total to 66

Posted by William Byrnes on May 16, 2014


66 IGAs Published or in Effect

Two IGAs “agreed in substance” have been added by Treasury to its list on Friday, May 16 – Turks & Caicos Islands and Azerbaijan.  This brings the total IGAs published and treated as in effect up to 62, comprised of 27 published Model 1, 5 published Model 2, while 32 Model 1 have been agreed in substance and 2 of the Model 2 agreed.  Updated list is below.  FFIS in the remaining 140+ countries and jurisdictions rush to register with the FATCA portal and to be placed on the GIIN List by the July 1st start of FATCA withholding.

Previous article and analysis is available at https://profwilliambyrnes.com/2014/05/11/2-new-igas-brings-it-to-64-brides-148-bridesmaids-remain-in-waiting-and-other-important-fatca-updates/

Model 1 IGA’s treated in effect = 32 (in red added since my > last IGA update < of May 11)

  1. Azerbaijan (5-16-2014) <— new
  2. Bahamas (4-17-2014)
  3. Brazil (4-2-2014)
  4. British Virgin Islands (4-2-2014)
  5. Bulgaria (4-23-2014)
  6. Columbia (4-23-2014)
  7. Croatia (4-2-2014)
  8. Curaçao (4-30-2014)
  9. Czech Republic (4-2-2014)
  10. Cyprus (4-22-2014)
  11. India (4-11-2014)
  12. Indonesia (5-4-2014) 
  13. Israel (4-28-2014)
  14. Kosovo (4-2-2014)
  15. Kuwait (5-1-2014)  
  16. Latvia (4-2-2014)
  17. Liechtenstein (4-2-2014)
  18. Lithuania (4-2-2014)
  19. New Zealand (4-2-2014)
  20. Panama (5-1-2014)  
  21. Peru (5-1-2014)  
  22. Poland (4-2-2014)
  23. Portugal (4-2-2014)
  24. Qatar (4-2-2014)
  25. Singapore (5-5-2014) 
  26. Slovak Republic (4-11-2014)
  27. Slovenia (4-2-2014)
  28. South Africa (4-2-2014)
  29. South Korea (4-2-2014)
  30. Sweden (4-24-2014)
  31. Romania (4-2-2014)
  32. Turks & Caicos (5-12-2014) <— new

Model 2 IGAs treated in effect = 2

  • Armenia (5-8-2014)  
  • Hong Kong (5-9-2014)  

jurisdiction that have signed and entered into a formal IGA

Model 2 IGA = 5

  1. Austria (4-29-2014)
  2. Bermuda (12-19-2013)
  3. Chile (3-5-2014)
  4. Japan (6-11-2013)
  5. Switzerland (2-14-2013)

book coverPractical Compliance Aspects of FATCA and GATCA

The LexisNexis® Guide to FATCA Compliance (2nd Edition) comprises 34 Chapters by 50 industry experts grouped in three parts: compliance program (Chapters 1–4), analysis of FATCA regulations (Chapters 5–16) and analysis of Intergovernmental Agreements (IGAs) and local law compliance challenges (Chapters 17–34), including intergovernmental agreements as well as the OECD’s TRACE initiative for global automatic information exchange protocols and systems.   A free download of the first of the 34 chapters is available at http://www.lexisnexis.com/store/images/samples/9780769853734.pdf


If you are interested in discussing the Master or Doctoral degree in the areas of international taxation or anti money laundering compliance, please contact me profbyrnes@gmail.com to Google Hangout or Skype that I may take you on an “online tour”

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