U.S.A.: FATCA : U.S.A. and South Africa sign Model I Intergovernmental Agreement
On 9 June 2014, South Africa 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 thirtieth FATCA 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 and Slovenia.
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
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