On 19 June 2015, the South African Revenue Service (SARS) issued a draft notice setting forth the incidences constituting non-compliance under the intergovernmental agreement (IGA) entered into with the US with respect to the US Foreign Account Tax Compliance Act (FATCA). Such incidences are subject to a fixed amount penalty in accordance with section 210(1) and 211 of the South African Tax Administration Act, 2011 (TAA).
India and the US recently signed a tax information sharing agreement that will facilitate exchange…
The implementation of the US Foreign Account Tax Compliance Act (US Fatca) and the less…
If you are a US Citizen and are living in the UAE or are a…
Effective August 17, financial institutions in Jamaica will be required to transmit relevant financial information…
Managing personal financial issues is challenging for most people. For American expats, the normal complexities…
The Treasury Department has notified countries with early versions of agreements under the Foreign Account…
Since July 1, eleven more Swiss banks have entered deferred prosecution agreements with the U.S. government….
The Department of Justice announced today that two banks, Rothschild Bank AG and Banca Credinvest…
