IRS announcement 2012-42: FATCA requirements timelines - 26/10/2012
Timelines for due diligence and other requirements under FATCA
On October 24, 2012 the IRS released Announcement 2012-42 delaying certain FATCA requirements. The announcement presents new timelines for due diligence, withholding and documentation requirements as well as guidance on gross proceeds and grandfathered obligations.
Please find here attached the alert issued by our US colleagues in relation to the Announcement 2012-42.
If you have any queries regarding the above, please do not hesitate to contact us.
Page Last Updated