By plang on 2/17/2012 10:22 AM
Version française ci-dessous

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 12/1/2011 3:46 PM
The timeline for final guidance has been defined in Notice 2011-53.

Treasury and the IRS plan to issue aggregated proposed regulations including guidance provided in Notice 2010-60, 2011-342011-53 and additional information on implementing Chapter 4 by December 31, 2011.

After consideration of comments, Treasury and the IRS should publish final regulations in the summer of 2012.

Draft versions followed by final versions of the associated FFI Agreement and reporting forms should also be available...
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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