Foreign Account Tax Compliance Act - Why does it apply to you? |
Although the effective date of the Foreign Account Tax Compliance Act (“FATCA”) is not until 1 January 2013, the absence of clear guidelines from the U.S. Department of Treasury have left many non-U.S financial institutions and entities unaware of what their compliance obligations are, and what they need to consider if they continue to provide services to U.S. persons and entities.
Please find attached a high level summary entitled ‘Foreign Account Tax Compliance Act Why does it apply to you?’ which discusses what the FATCA is, how it applies to non-U.S entities and what these corporations should be considering in preparation for January 2013.
For more information, please contact Christopher P. Wilson or Kyran McCarthy
Foreign Account Tax Compliance Act - Why does it apply to you?
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