FATCA – Final Regulations

Written by Olivier Hermand 15 January 2014


On 17 January 2013, the US Department of the Treasury and Internal Revenue Service (IRS) issued final comprehensive regulations implementing the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA).

The final regulations provide additional clarity for financial institutions and governments by finalising the processes for US account identification, information reporting, and withholding requirements for foreign financial institutions (FFIs), other foreign entities, and US withholding agents.

Members of PwC’s global FATCA network are reviewing the regulations and will be producing a series of Global IRW Newsbriefs in the coming days and weeks. We will provide our insights on the differences between the proposed and final regulations and how the final regulations impact your business. We will also be hosting webcasts reviewing the regulations in more detail.

We will provide you with additional updates on the regulations and any new PwC thought leadership as our team review and interpret the rules.