Malaysia’s Inland Revenue Board (IRB) has deferred the filing deadline for the country’s financial institutions to comply with the 2014 reporting year under the United States Foreign Account Tax Compliance Act (FATCA). The new deadline has been set for June 30, 2015. Read the full article… Malaysia Delays FATCA Compliance was last modified: August 10th,…
Kuwait has sought to join the list of states signing the FATCA agreement out of its commitment to fight international tax evasion and to exchange tax data with other nations, said Khalifa Hamada, Undersecretary of the Ministry of Finance on Wednesday. Hamada was speaking to reporters on the sideline of having signed the FATCA agreement,…
FIFA has big problems, and not just limited to foreign bank account reporting. Yet many average Americans should watch at least one aspect of the FIFA criminal charges play out: the foreign account forms known as FBARs. Each U.S. citizen and permanent resident must report worldwide income to the IRS, even when paying taxes elsewhere….
The Foreign Account Tax Compliance Act (FATCA) was enacted by the United States Congress with the intention of finding US taxpayers who have unreported foreign income and accounts. It also applies for foreign individuals, companies, or trusts that receive US income. How well do you know this new law? US International Tax Advisors can shed…
