U.S. signs Competent Authority Arrangements with the Czech Republic, Hungary, India, Liechtenstein and Mauritius

In late September and early October 2015, the U.S. signed Competent Authority Arrangements (“CAAs”) with the Czech Republic (Link), Hungary (Link) , India (Link), Liechtenstein (Link) and Mauritius (Link) in accordance with the IGAs previously signed with these jurisdictions. In general, a Competent Authority Agreement is a bilateral agreement between the U.S. and a treaty partner to clarify or interpret treaty provisions (Link). These CAAs establish the procedures for the automatic exchange obligations and for the exchange of information between these jurisdictions.

Link to US Tax Insights:  US publishes first FATCA competent authority arrangements

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