U.S. Treasury updates Notification of More Favorable Terms

On 31 July 2015, the U.S. Treasury updated the Notification of More Favorable Terms – Model 1 (Hold Mail Address Indicia) (Link) notifying partner jurisdictions of more favourable terms regarding “hold mail address indicia” under IGAs with other Model 1 jurisdictions.  At the same time, U.S. Treasury also released the Notification of More Favorable Terms – Model 2 (Link) informing Switzerland of more favourable terms within the IGAs signed with other Model 2 jurisdictions.  Finally, on 27 July 2015, the U.S. Treasury also updated the ​Notification of More Favorable Terms – Model 1 (Certain Alternative Procedures) (Link) to include terms from the BVI IGA starting on page 5 of the document.

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