FATCA Online Registration System: Sponsoring entity financial institutions can register and obtain GIINs for sponsored entities

The Internal Revenue Service (IRS) on 20 August 2015, updated its website with information about a new feature that will allow sponsoring entity financial institutions to add sponsored entities to the Foreign Account Tax Compliance Act (FATCA) Online Registration System (Link) and obtain a global intermediary identification number (GIIN) for each sponsored entity.

Read more in our PwC Tax Insight

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