On December 13, 2018, U.S. Department of the Treasury and the Internal Revenue Service released proposed regulations (the “Proposed Regulations”) that would amend the current regulations relating to the Foreign Account Tax...more
12/19/2018
/ Common Reporting Standard (CRS) ,
FATCA ,
Financial Institutions ,
Foreign Financial Institutions (FFI) ,
HIRE Act ,
IRS ,
Mutual Funds ,
Non-Residents ,
OECD ,
Private Funds ,
Proposed Amendments ,
Regulatory Burden ,
U.S. Treasury ,
Withholding Requirements
The Common Reporting Standard (“CRS”) will impose new investor due diligence and reporting obligations on funds and other financial institutions based in “early adopter” participating jurisdictions, with effect from January...more
Sections 1471 through 1474 of the U.S. Internal Revenue Code (“FATCA”) generally impose a 30% withholding tax on certain payments to a foreign financial institution (“FFI”) unless the FFI has entered into an agreement with...more
The U.S. Department of the Treasury (“Treasury”) and the U.S. Internal Revenue Service (“IRS”) released final regulations (“Regulations”) on January 17, 2013 implementing the Foreign Account Tax Compliance Act (“FATCA”).1...more
On January 17, 2013, the U.S. Department of the Treasury (“Treasury”) and the U.S. Internal Revenue Service (the “IRS”) released final regulations (the “Regulations”) implementing foreign account reporting provisions of the...more
2/11/2013
/ Collateralized Debt Obligations ,
Due Diligence ,
FATCA ,
Foreign Financial Accounts ,
Global Intermediary Identification Number (GIIN) ,
Intergovernmental Agreements ,
Investment Funds ,
IRS ,
Portal ,
Required Documentation ,
U.S. Treasury ,
Withholding Requirements