TITLE

Treasury Revises FATCA Implementation Timeline

PUB. DATE
July 2013
SOURCE
Venulex Legal Summaries;2013 Q3, p1
SOURCE TYPE
Law
DOC. TYPE
Article
ABSTRACT
The article discusses the notice issued by the U.S. Internal Revenue Service (IRS) on July 12, 2013 which revised key dates relating to the implementation of the Foreign Account Tax Compliance Act (FATCA). The Notice postpones by six months several key FATCA start dates set forth in the final regulations, including withholding and diligence obligations. The Notice also expanded the scope of "grandfathered obligations" to reflect the revised dates.
ACCESSION #
91833323

 

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