This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

The impact of FATCA on private equity and hedge funds - 26/03/2013


DOWNLOAD  

The Foreign Account Tax Compliance Act (“FATCA”) regime signifies the US government’s extensive effort to encourage Foreign Financial Institutions (“FFI”), including offshore investment vehicles, to assist it in enforcing the information reporting of US taxpayers with respect to assets held offshore. After almost three years of notices, announcements, and proposed regulations, the Internal Revenue Services (“IRS”) and the US Treasury published the final FATCA regulations on January 17, 2013.

The implication of the FATCA regulations on private equity and hedge funds is significant. Indeed every private equity and hedge fund will have to comply with the regulations because such funds will likely be considered either a US withholding agent or a FFI under the rules.

In this respect, please find enclosed the news alert prepared by our US colleagues highlighting the impact overview for US and non-US private equity and hedge funds.

If you have any queries regarding the above, please do not hesitate to contact us.

Page Last Updated

Share

 

Stay connected:
Get connected
Share your comments
More on Deloitte Luxembourg
Learn about our site

Recently published