By plang on 2/17/2012 10:22 AM
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The IRS published a consolidated guidance regarding the implementation of FATCA and is waiting for comments before April 30, 2012.

Principal changes and additions to previous notices (2010-60, 2011-34, 2011-53) are the following:

1. The scope for Grandfathered Obligations has been expanded from March 18, 2012 to January 1, 2013.

2. Previous notices mentioned that all members of the same expanded affiliated group had to comply with the FFI status. A two-year transition has been granted (until January 1, 2016) for the full implementation of this requirement.

3. More Deemed-Compliant FFIs categories have been added.

4. The due diligence procedures for the identification of the accounts have been modified: tresholds have been put higher and there is a bigger focus to rely on electronic reviews and information gathered in the context of anti-money laundering/KYC rules.

5. Responsible FFI officers will be expected to...
By plang on 2/9/2012 10:18 PM

Version française ci-dessous

The IRS has just issued a 400 pages proposed regulation for FATCA implementation. Further analysis will follow soon.

L'IRS vient de publier sa proposition de règlementation pour l'implémentation de FATCA. Analyse à suivre.

FATCA - Formulaire 8966 pour 2015
Belgique - Nouvelle taxation des plus-values
FATCA - Opening of the Registration Website
FATCA - Draft version of form 8966
FATCA – Six-Month Extension for FATCA Withholding
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