×
Request a consultation
Fill out my online form.

The Asset: End-July FATCA renewal agreement deadline approaches for foreign banks

The Asset published Buzzacott’s latest release on the FATCA agreement renewal deadline.
Allan Wilkinson, Director at Buzzacott, said, “We would suggest to financial institutions in the region which signed up to FATCA before 2017 to check their agreements and update them if necessary. Otherwise, they will be considered as a Non-participating FFI as of January this year. It is important for financial institutions to maintain their Participating FFI status, otherwise their clients may be hit with a 30% withholding tax on any payments of income originating from the US.”

To download the full article, please click on the 'Download PDF' button on the right of the screen.

Article first seen in the The Asset

Use of Cookies

Like most websites Buzzacott uses cookies. In order to deliver a personalised, responsive service and to improve the site, we remember and store information about how you use it. This is done using simple text files called cookies which sit on your computer. These cookies are completely safe and secure and will never contain any sensitive information.

×