Final Chapter 4 regulations published

On 25 March 2019, the U.S. Internal Revenue Service (“IRS”) published Final Regulations (84 FR 10976) under Chapter 4 (Link) that provide compliance requirements and verification procedures for sponsoring entities of foreign financial institutions (“FFIs”) and certain non-financial foreign entities (“NFFEs”), trustees of certain trustee-documented trusts, registered deemed-compliant FFIs, and financial institutions that implement consolidated compliance programs (compliance FIs) (Link).

These regulations, affecting certain financial institutions and NFFEs, are effective from 25 March 2019.

Leave a reply

Your email address will not be published. Required fields are marked *

/* */