FATCA FAQ regulation

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FAQ on FATCA

These FAQs enlight the main points of the FATCA regulation from a general point of view or by industry.

Your challenge

The draft FATCA regulations have recently been released by the IRS and include a number of relief provisions. Their inclusion is intended to ease FATCA’s administrative burden in certain specified areas.

Some of the key points in the draft regulations:

  • Still impacts across all industry sectors
  • New categories of FFIs that are to be deemed compliant and subject to reduced FATCA obligations
  • Introduction of new de-minimis thresholds for account identification in some areas
  • Changes to the timings of certain provisions such as reporting of income and gross proceeds
  • Potential amendments to the transfer of information to the IRS using existing information exchange treaties
  • Modification to the rules on passthru payment

Discover more about FATCA main points in the following FAQs.

FAQ on FATCA overview

You will find in this FAQ answers on the main points of FATCA concerning identification and classification, remediation, reporting, withholding, agreements, take on processes and governance. 

FATCA FAQ for banking industry

You will find in this FAQ answers on the main changes FATCA will imply for the banking industry and the potential products ans banking areas excluded from the FATCA scope. 

FATCA FAQ for insurance industry

You will find in this FAQ answers on the main changes FATCA will imply for the insurance industry, the remediation and KYC implications and other issues. 

FATCA FAQ for funds industry

You will find in this FAQ answers on the main changes FATCA will imply for the funds industry, the remediation and KYC implications and other issues. 

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