U.S.A.: FATCA bilateral agreement between the U.S.A. and Spain
On 14 May 2013, the U.S.A. and Spain signed an Intergovernmental Agreement (IGA), on the basis of a Model I template, in order to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA). Text of the signed agreement is not yet publicly available.
This is the sixth FATCA bilateral agreement Model I to be published so far; the previous five were signed between the U.S.A. and, individually, the United Kingdom, Denmark, Mexico, Ireland and Norway.
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
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