This site uses cookies to provide you with a more responsive and personalised 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

Ten questions you wanted to ask about FATCA but were afraid to ask

Author: Patrick McCalman

The original content for this article is now out of date please refer to the analysis of FATCA outlined below:

 

The Road Ahead: An In-depth Analysis of the Final FATCA Regulations

Foreign Account Tax Compliance Act (FATCA)


Download PDF>

 

 

On January 17, 2013, the U.S. Treasury Department and IRS released the long-awaited final regulations for the Foreign Account Tax Compliance Act (“FATCA”). FATCA represents the United States Government’s efforts to prevent U.S. taxpayers who hold financial assets in non-U.S. financial institutions and other offshore vehicles from avoiding their U.S. tax obligations.

The attached analysis highlights several of the specific takeaways from the 544 pages making up the final regulations and preamble, including the following content:

  • Overview and history of FATCA
  • Withholdable payments under FATCA
  • Entity classification
  • U.S. withholding agent requirements
  • Foreign financial institutions requirements
  • Administrative
  • Appendix

The full article is available for download. For more information please contact a Deloitte FATCA Leader or click here.

As used in this document, “Deloitte” means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Last updated Tuesday, 18 June 2013

Stay connected:
Get connected
Share your comments

 

More on Deloitte
Learn about our site