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Tag: FATCA

Bahrain, US Sign FATCA Agreement

Bahrain has signed an agreement to implement the US Foreign Account Taxpayer Compliance Act with the United States. FATCA, enacted by the US Congress in 2010, is intended to ensure that the US obtains information on accounts held abroad at foreign financial institutions (FFIs) by US persons. Failure by an FFI to disclose information on […]

US, South Korea Sign FATCA Agreement

South Korea signed a Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement (IGA) with the United States on June 10, 2015. FATCA is intended to ensure that the US obtains information on accounts held abroad at foreign financial institutions (FFIs) by US persons. Failure by an FFI to disclose information on their US clients will […]

Malaysia Delays FATCA Reporting Deadline

The Inland Revenue Board (IRB) has informed Malaysian financial institutions (MYFIs) that their filing deadline in respect of the 2014 reporting year under the US Foreign Account Tax Compliance Act (FATCA) has been deferred from June 30, 2015. FATCA requires all FIs outside the United States to submit regular information on financial accounts held by […]

The Mauritius Revenue Authority (MRA) issued a guidance for FATCA reporting

On 20 April 2015, the Mauritius Revenue Authority (MRA) issued a guidance informing the Mauritius-based Financial Institutions registered with the US Internal Revenue Service for FATCA reporting that information in respect of the year 2014 will have to be reported to the Mauritius Revenue Authority by 31st July 2015 for onward transmission to the US […]

Spain: FATCA reporting deadline extended

The Spanish Tax Authorities released an Order on 12 March 2015 extending the FATCA reporting deadline for the 2014 fiscal year to 31 May 2015. The FATCA reporting deadline was previously set for 31 March 2015. For more details reach us at bc@intuitconsultancy.com