FATCA Essentials

Share this

 

The Compliance Challenge Is On

On Jan. 17, 2013, the U.S. Treasury Department and IRS released final regulations for the Foreign Account Tax Compliance Act (FATCA). FATCA was enacted into law on March 18, 2010, to address the U.S. government's perception of widespread tax evasion by U.S. taxpayers that hold investments offshore.

 

With an extensive, multidisciplinary team of professionals with both FATCA and industry-related experience, KPMG is distinctly positioned to help you achieve compliance by the effective dates while maintaining business as usual.

 

Learn more about our services:

 

Email David Neuenhaus, Global FATCA Lead, or contact any member of KPMG's U.S. FATCA team.

Issues & Insights for Financial Services

FATCA poses significant business challenges to financial services organizations, especially foreign financial institutions (FFIs) and U.S. withholding agents (USWAs), and affects their business models.

 

BanksWhat You Need to Know

 

Investment ManagersWhat You Need to Know

 

InsurersWhat You Need to Know

 

 

Issues & Insights for NFFEs

When FATCA comes fully into force, nonfinancial foreign enterprises (NFFEs) will also need to comply.

 

Dec. 6 webcast replay: Understanding the Impact of FATCA for Nonfinancial Companies

 

Read more about requirements for NFFEs:

 

FATCA Regulations and IGAs

 

Quick Links:

 

Facts on Fatca

 

Get the simple facts on FATCA

 

Latest Developments

KPMG's TaxNewsFlash alerts provide summaries of the latest tax regulatory and legislative developments. Visit FATCA in TaxNewsFlash for an archive of alerts.

 

Recent FATCA-related alerts include:

  1. Ireland – FATCA Implications for Nonfinancial Foreign Entities, April 11 
  2. Russia – FATCA Intergovernmental Agreement Negotiations Are Suspended, April 10
  3. Canada – Budget Bill #1 Substantially Enacted; Included FATCA, April 8
  4. Canada – IGA Legislation and FATCA Concerns for Trusts, April 4
  5. United States – IRS Updates FAQs, April 4
  6. United States – Countries with IGAs Listed; More Time Provided for FFIs to Register, April 2
  7. Honduras – IGA Signed with United States, April 2
  8. Germany – Legislative "Carried Interest" Proposals; FATCA Implementing Guidance, April 2
  9. United States – IRS Issues Final Version of Form W-8BEN-E for 2014, March 30
  10. Luxembourg – FATCA Intergovernmental Agreement with United States, March 28

 

 More Insights —