FATCA is a new U.S. law to combat tax avoidance by U.S. taxpayers earning income outside the U.S. by requiring non-U.S. financial institutions...
Foreign Account Tax Compliance Act (FATCA)
Beginning in January 2013, virtually all non-U.S. financial intermediaries and withholding agents that own or hold U.S. investments will be subject to the information reporting and disclosure requirements of the Foreign Account Tax Compliance Act (FATCA). This U.S. legislation will greatly impact organizations’ tax functions, technology systems, operations, and business strategy. As a recognized leader in both tax and technology, Deloitte is uniquely qualified to assess and address all of the implications related to compliance with FATCA. From analysis and remediation of existing systems to design and implementation of enterprise-wide systems and practical procedures needed to identify and report required information to the U.S. Internal Revenue Service, our specialists keep businesses one step ahead in this developing area of compliance and risk.
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IRS and Treasury issue regulations for FATCA implementations Read the IRS news release. |
Watch the FATCA webcast replay: February 8, 2012 Treasury and IRS proposed regulations on FATCA
Updated through Notice 2011-53
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FATCA and pre-existing individual accounts This quick reference highlights the due diligence and documentation requirements for identification of pre-existing individual accounts. |
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New FATCA notice provides transition relief, updated timeline for future guidance Overview of important changes to the FATCA guidance and implications for foreign financial institutions. |
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FATCA Frequently Asked Questions The Deloitte FATCA team have compiled the most thought provoking questions from our clients around the world and created a frequently asked questions guide. |
Updated through Notice 2011-34
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Are you ready to sign the required Chief Compliance Officer certification? Beginning in 2013, a non-U.S. financial entity (referred to as an FFI) receiving certain payments from U.S. sources will be subject to a new 30% withholding tax... |
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Navigating Data for FATCA FATCA has extensive ramifications affecting the commercial basis on which non-U.S. financial institutions hold U.S. assets and deal with U.S. clients and investors. |
