U.S.A.: FATCA : U.S.A. and Latvia sign Model I Intergovernmental Agreement

30.06.2014

On 27 June 2014, Latvia (previously on the list of agreements “in substance”) and the U.S.A. signed an Intergovernmental Agreement (IGA) under Model I to improve international tax compliance with respect to the U.S. Foreign Account Tax Compliance Act (FATCA).

This is the thirty-second bilateral agreement Model I to be published so far.

Model I IGAs have previous been signed between the U.S.A. and, individually, The United Kingdom, Denmark, Mexico, Ireland, Norway, Spain, Germany, France, Costa Rica, Cayman Islands, Guernsey, Jersey, the Isle of Man, Italy, Mauritius, The Netherlands, Malta, Hungary, Canada, Finland, Luxembourg, Honduras, Estonia, Belgium, Australia, Jamaica, Gibraltar, Liechtenstein, Slovenia, South Africa and New Zealand.

We continue to monitor the implementation of FATCA and will provide more information as it becomes available.

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