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FATCA Resource Library

Foreign Account Tax Compliance Act (FATCA): Relevance and impact

On February 20, 2014, the U.S. Department of Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) released temporary regulations that revise and clarify the final FATCA regulations (“Temporary Regulations”). The government also released temporary regulations coordinating the final regulations under Chapters 3 and 61 of the Internal Revenue Code (“Code”) with the final FATCA (Chapter 4) regulations (“Coordination Regulations”). The new rules do not provide any further extensions to the effective date of FATCA, or to the required timeframes in which an FFI that has entered into an FFI Agreement (a “participating FFI” or “PFFI”) must comply with the due diligence, withholding or reporting obligations under the that agreement. The effective date for FATCA compliance remains July 1, 2014. Learn more about FATCA.

Please connect with a Deloitte FATCA Leader if you have any questions or need FATCA assistance in the interim.

View our Foreign Financial Institution (FFI) Registration services
Deloitte delivers a wide range of compliance and advisory services to organizations with FFIs, including assistance with entity registration requirements.

Featured insights

  • About our FATCA tools
    A summary of our proprietary FATCA Tools and how you can use these tools to accelerate the path to FATCA compliance.
  • Treasury and IRS issued guidance on FATCA
    Selected publications from the IRS and Treasury department providing guidance regarding FATCA. Published from the IRS and Treasury department regarding FATCA.
  • FATCA: U.S. and non-U.S. sector impact overviews
    FATCA sector impact overviews focus on recommended actions to achieve compliance of FATCA provisions for U.S. Withholding Agents (USWAs), Foreign Financial Institutions (FFIs), and Non-Financial Foreign Entities (NFFEs).
  • Articles and Media
    A listing of publications and by-lined articles reflecting Deloitte's perspective on FATCA legislation and implications.

Talk to us

To learn more about Deloitte's FATCA services, contact us at FATCA@deloitte.com.

 

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.

Meet our FATCA team

  • Leadership team
    Meet the U.S. and Global FATCA team.
  • Global FATCA insights and country overviews
    Country overviews, insights and contacts.

Learn more

  • FATCA glossary of acronyms
    Glossary of FATCA terms and definitions
  • ExternalURL
    Frequently asked FATCA questions
    Click to launch the frequently asked questions about FATCA.
  • U.S. Treasury announcements of Intergovernmental Agreements (IGAs)
    On November 8, 2012, the U.S. Treasury announced that it is actively engaged with over 50 countries and jurisdictions to enter into IGAs for compliance with the FATCA tax provisions.
  • FATCA comment letters to the Internal Revenue Service (IRS) and responses
    Submitted comment letters to the IRS regarding FATCA and responses from the IRS or other government agencies.

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