U.S.A.: FATCA : U.S. Treasury releases updates to Model IGAs
On 4 November 2013, the U.S. Department of the Treasury released the following updated Model Intergovernmental Agreements (IGAs) linked to the implementation of the Foreign Account Tax Compliance Act (FATCA):
- Reciprocal Model 1A Agreement, Preexisting TIEA or DTC (Updated 11-4-2013);
- Nonreciprocal Model 1B Agreement, Preexisting TIEA or DTC (Updated 11-4-2013);
- Nonreciprocal Model 1B Agreement, No TIEA or DTC (Updated 11-4-2013);
- Model 2 Agreement, Preexisting TIEA or DTC (Updated 11-4-2013);
- Model 2 Agreement, No TIEA or DTC (Updated 11-4-2013);
- Annex I to Model 1 Agreement (Updated 11-4-2013);
- Annex I to Model 2 Agreement (Updated 11-4-2013);
- Annex II to Model 1 Agreement (Updated 11-4-2013);
- Annex II to Model 2 Agreement (Updated 11-4-2013).
These Model IGAs are available on the U.S. Treasury’s website.
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
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