The final FATCA regulations
An in-depth analysis
Published April 2013
On 17 January 2013, the US Treasury Department and IRS released the long-awaited final regulations to implement the Foreign Account Tax Compliance Act (FATCA). The final regulations provide stakeholders with a clearer picture of how FATCA will apply to affected transactions and enable financial institutions to prepare for FATCA compliance with greater certainty.
Organisations now have less than a year to prepare for the first wave of compliance milestones starting January 1, 2014. In order to assist in you on this compliance journey, Deloitte has prepared an in-depth analysis of the final FATCA regulations.
The analysis addresses:
- Overview and history of FATCA
- Withholdable payments under FATCA
- Entity classification
- U.S. withholding agent requirements
- Foreign financial institution requirements
- Administrative considerations
Read our in-depth analysis of the final FATCA regulations
Financial institutions should also note key developments in the US Treasury’s approach under the final regulations and key differences in relation to the proposed regulations as well as the model Intergovernmental Agreements (IGAs). Deloitte has prepared comparison documents to highlight key differences.
Comparison of the final FATCA regulations to the proposed regulations
Comparison of the final FATCA regulations to the model IGAs
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