The Internal Revenue Service (IRS) released revised Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities (http://www.irs.gov/pub/irs-pdf/p515.pdf). Although the publication is primarily for use in 2015, it also includes information relevant to 2014.
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Topics: FATCA, FIRPTA, International Tax, IRS, Tax, Uncategorized, Withholding Tax
Singapore, Bulgaria, the Turks and Caicos Islands, and Moldova are the latest jurisdictions to sign intergovernmental agreements under the Foreign Account Tax Compliance Act (FATCA), which became law in March 2010. Below is a list of FATCA jurisdictions, along with the dates they signed. Note: There are additional jurisdictions with agreements in substance.
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Topics: FATCA, International Tax, Jurisdictions, Model 1 IGA, Model 2 IGA, Tax, Uncategorized
Financial organizations expect to exceed their original budget for compliance under the Foreign Account Tax Compliance Act (FATCA), according to a survey by Thomson Reuters.
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Topics: Compliance, FATCA, International Tax, Tax, Uncategorized
U.S. Expats Launch Constitutional Challenge Against Canada Over FATCA
Posted by celliott on Sep 22, 2014 11:24:21 AM
A group representing American expatriates is taking legal action against the Canadian government for implementing the Foreign Account Tax Compliance Act (FATCA), a U.S. law designed to clamp down on tax evasion.
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Topics: Expats, FATCA, International Tax, Tax, Uncategorized
The IRS has released instructions for filing Form W-8BEN-E, “Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities).”
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Topics: FATCA, Form W-8BEN-E, International Tax, Tax, Uncategorized