RIYADH: The introduction of Foreign Accounts Tax Compliance Act (FATCA) in the Kingdom will have an impact on more than 200,000 US citizens living in Saudi Arabia.
“The act will come into force when a government-to-government agreement is signed shortly between the Kingdom and the United States,” Rupert Agius-Pease, head of tax and legal services at KPMG in Saudi Arabia, said at a press conference in Riyadh on Tuesday.
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