The Foreign Account Tax Compliance Act (FATCA) – which became law in 2010 – just recently came into full effect. The results are frustrating for Americans living abroad as they struggle to find foreign banks willing to serve them. Stu Haugen, an American who lives overseas, recently wrote in the New York Times: Read the…
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,…
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…
Cayman Islands investment entities that have been classified as “Reporting Cayman Islands Financial Institutions” for purposes of FATCA (or their “sponsoring entities,” if applicable) may register and file reports, as applicable, with the Cayman government by these extended deadlines without attracting adverse consequences or enforcement measures. Read the full article… Cayman Islands FATCA Compliance Deadlines…
