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FATCA

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The Foreign Account Tax Compliance Act (FATCA) is a United States of America federal law designed to enforce U.S. persons and citizens (including those living outside the USA) to file annual reports on their non-financial accounts to the IRS.

The Foreign Account Tax Compliance Act (FATCA) is a United States of America federal law designed to enforce U.S. persons and citizens (including those living outside the USA) to file annual reports on their non-financial accounts to the IRS.

FATCA has a far reaching impact, not only on US based companies and private persons, but also on companies and private persons with US assets or clients and more. Many jurisdictions around the world have signed an intergovernmental agreement (IGA) and have implemented FATCA into their domestic laws. If not adequately addressed or in case of non-compliance, FATCA can have substantial adverse tax and commercial consequences.

We provide FATCA services and assist with FATCA classification, registration, onboarding, pre-existing account due diligence and reporting.

Services include:

  • FATCA Classification

    Assisting with FATCA classification, where companies need to determine whether they are a FFI and have a requirement to report based on FATCA.

  • GIIN Registration

  • Reportable Account Holder

    Advising on FATCA onboarding of new clients for FFIs to determine whether they fall under the reportable account holder category.

  • FATCA Due Diligence

    FATCA pre-existing account due diligence.

  • FATCA Reporting

    FATCA reporting and submission of information either to local tax authorities or directly to the US authorities in accordance with FATCA regulations.