Treasury and IRS provide additional extension to fully implement FATCA

With certain FATCA transitional and reporting deadlines set to expire on 30 September 2015, 31 December 2015, and 31 December 2016, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) published Notice 2015-66 (Link) announcing their intention to provide additional time for withholding agents and FFIs to comply with certain aspects of FATCA. In addition to extending certain transition rules, the Notice describes the compliance timeline for jurisdictions that have signed or agreed in substance to a Model 1 intergovernmental agreement (IGA), but have not yet brought the IGA into force.

See PwC Tax Insights

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