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FATCA Resource Library

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

On February 8, 2012, the U.S. Treasury Department released proposed regulations on the Foreign Account Tax Compliance Act (“FATCA”). Deloitte’s FATCA specialists are currently reviewing and interpreting the final guidance, nearly 400 pages in length, focusing in particular on new or amended impacts and implications as compared with preliminary guidance. In the next 24 hours, look for a summary of our FATCA team's analysis and point of view on the final regulations.

 

IRS and Treasury issue regulations for FATCA implementations IRS and Treasury issue regulations for FATCA implementations  
Read the IRS news release. In addition, the Treasury Department released a Joint Statement of Intergovernmental Approach to Improving International Tax Compliance.
Six takeaways from proposed FATCA rules issued by the U.S. Treasury Department and IRS
The U.S. Treasury Department and IRS recently released nearly 400 pages of proposed regulations that detail their plans to implement FATCA. Here are six essential points to consider.
Please connect with a Deloitte FATCA Leader if you have any questions or need FATCA assistance in the interim.


Webcast  Watch the FATCA webcast replay: February 8, 2012 Treasury and IRS proposed regulations on FATCA

Featured insights

  • About Foreign Account Tax Compliance Act
    Taking yet another step toward its goal of addressing off-shore account reporting, in 2010 the Obama Administration enacted FATCA. Most notably, FATCA will require foreign banks to report and disclose U.S. interests in foreign financial institutions (FFIs). FATCA seeks to enforce reporting of U.S. held foreign accounts by mandating 30 percent withholding on U.S. source income (including gross sales proceeds), should any account holder or FFI not comply.
  • 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.
  • U.S. and foreign entity FATCA industry sector overviews
    One page overviews and recommended actions to achieve compliance of FATCA provisions for U.S. financial and non-financial entities, foreign financial institutions (FFIs), and non-financial foreign entities (NFFEs).
  • In the news: Articles and media
    Presented below is 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 LLP [and its subsidiaries]. 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.

 

 

 

 

 

 

FATCA key dates

Meet our FATCA team

  • Leadership team
    Meet the U.S. and Global FATCA team.
  • Global FATCA Insights
    Country overviews and contacts.

Learn more

  • FATCA Decision Trees: FFIs, USFIs, and NFUSEs
    Decision trees allow you to navigate the FATCA requirements for pre-existing accounts in a clear, linear fashion
  • FATCA tax information reporting services e-brochure
    Click to launch the e-brochure.
  • FATCA executive summary
    Click to launch the summary.
  • Frequently Asked FATCA Questions
    Click to launch the frequently asked questions about FACTA.
  • 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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