“The registration system is the backbone of FATCA,” said IRS Commissioner John Koskinen in a statement. “These upgrades improve the FATCA process, enabling the registration of sponsored entities and ...

The Internal Revenue Service has released a draft version of the form that financial institutions will use to register in accordance with the Foreign Account Tax Compliance Act, or FATCA. FATCA, which ...

The US Internal Revenue Service has opened the FATCA registration website as of 19 August 2013. This web-based system enables financial institutions to register themselves and their branches, if any, ...

The IRS on Monday announced the launch of an online system that foreign financial institutions (FFIs) can use to register with the agency to meet their obligations under the Foreign Account Tax ...

Since the passage of the Foreign Account Tax Compliance Act (FATCA) in 2010, rumors have been swirling around financial institutions regarding its implementation. There was talk about the US requiring ...

There has been widespread criticism of FATCA by U.S. persons abroad. In contrast, many foreign financial firms have been relatively quiet. Such firms may grumble, but must figure they have no choice ...

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Financial institutions are encouraged to become familiar with the system, create their online accounts and begin submitting their information. Starting in January 2014, financial institutions will be ...

The online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA) is now open. FATCA imposes a 30% withholding tax on ...

New Delhi: While India is yet to sign a final pact with the US for the Foreign Accounts Tax Compliance Act (FATCA), close to 1,000 Indian financial institutions and their overseas units are believed ...