FATCA

Sunday December 01 Posted by Expat News.

Foreign Account Tax Compliance Act: Panama FATCA and American Expats

FATCA has been a popular topic among American expats living abroad and foreign financial institutions for the past 3 years. As of November 2013, 10 countries have signed intergovernmental agreements (IGAs) with the USA. Moreover, the USA has been in negotiations with over 80 countries that are interested in joining...

Friday November 22 Posted by Expat News.

Foreign Account Tax Compliance Act: France FATCA and American Expats

France is the latest country to join the FATCA club. On November 14, 2013 France has become one of the 10 countries that signed an IGA (Intergovernmental Agreement) with the United States. Earlier we wrote an article What is FATCA. The Foreign Account Tax Compliance Act was enacted in 2010....

Tuesday June 04 Posted by Expat News.

India FATCA Developments

American citizens and green card holders with financial assets in India must be prepared for the latest FATCA developments. Earlier we discussed FBARs requirements for Nonresident Indian Accounts (NRA). The India FATCA inter-government agreement is in the process of consideration by India’s capital market regulator Sebi. American expatriates should make...

Monday May 13 Posted by Expat News.

Foreign Account Tax Compliance Act: Bermuda FATCA Agreement

Bermuda is another country that decided to negotiate and sign a Bermuda FATCA (Foreign Account Tax Compliance Act) based on Model II intergovernmental agreement. This is the latest FATCA development announced in March 2013 that has a profound impact on Americans living abroad in Bermuda or American expatriates with offshore...

Tuesday April 23 Posted by Expat News.

Norway FATCA agreement

After prolonged discussions the USA and Norway signed a bilateral FATCA agreement on April 15, 2013. This Norway FATCA is designed under Model I intergovernmental approach to implementing the Foreign Account Tax Compliance Act. American expatriates in Norway with past due tax returns and FBARs must realize the importance of...