Foreign Account Tax Compliance Act
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Virtually all foreign financial intermediaries and withholding agents that own or hold investments in an increasing number of countries are subject to information reporting and disclosure requirements of Foreign Account Tax Compliance Acts (FATCA) legislation. This type of legislation impacts organizations' tax functions, technology systems, operations, and business strategy. As a leading advisor in both tax and technology, Deloitte professionals are well positioned to help companies assess and address implications related to compliance with FATCA legislation. Deloitte’s services include analysis and remediation of existing systems, design and implementation of enterprise-wide systems, and practical procedures needed to identify and report required information to local tax authorities.