The IRS has issued Notice 2013-69, which provides guidance to foreign financial institutions (FFIs) entering into a FATCA compliance agreement with IRS.
The 50-page Notice also provides guidance to FFIs and their...more
The IRS today issued a set of corrections to its final regulations under the US Foreign Account Tax Compliance Act (FATCA).
The regulations include several corrections, clarifications, changed citations and cross...more
On August 19, the IRS announced an on-line registration system for entities that need to register under the Foreign Account Tax Compliance Act (FATCA). "Financial institutions will also be able to provide required information...more
On July 12, 2013, the Internal Revenue Service (the “IRS”) released an advance copy of Notice 2013-43 (the “Notice”), which extends the timeline for the implementation of withholding, registration and due diligence...more
On February 28, 2013, India’s Finance Minister presented the country’s budget for the fiscal year beginning April 1, 2013 (Budget). The Budget includes several proposals that affect international investors investing in India,...more
On January 17, 2013, the Department of the Treasury (“the Treasury”) and the Internal Revenue Service (the “Service”) issued final regulations (the “Regulations”) under Sections 1471 through 1474 of the...more