Fatca compliance slowing down after 'ambiguous' IRS notice
Banks are slowing down their Fatca compliance programmes three months after an IRS notice proposing a transition period for Fatca compliance, an expert warns
Banks are reining in their Fatca compliance programmes in light of a notice the US Internal Revenue Service (IRS) released in May outlining a transitional period for Fatca compliance, one expert warns.
Notice 2014-33 states that calendar years 2014 and 2015 will be regarded as a transition period for IRS enforcement and administration of Fatca implementation by withholding agents and foreign
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