U.S. Signs FATCA IGA with Luxembourg

Explore:  EU FATCA

On March 28, 2014, the U.S. signed a FATCA IGA with Luxembourg.  Under the IGA, banks and other financial institutions in Luxembourg will report information about eligible U.S. customers’ offshore accounts to the Luxembourg tax authorities, who will then send that information to the IRS. The IGA is reciprocal, requiring the IRS to send Luxembourg similar information about Luxembourgers with financial accounts in the United States.

Topics:  EU, FATCA

Published In: Finance & Banking Updates, International Trade Updates, Tax Updates

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