12/06/2018 | Press release | Distributed by Public on 12/06/2018 11:10
The Internal Revenue Service (IRS) announced on their website that Dominica (previously on the list of agreements 'in substance') and the U.S.A. signed an Intergovernmental Agreement (IGA) under Model I to improve international tax compliance with respect to the U.S. Foreign Account Tax Compliance Act (FATCA).
This is the ninetieth FATCA bilateral agreement Model I to be published so far.
Model I IGAs have previously been signed between the U.S.A. and, individually the United Kingdom, Denmark, Mexico, Ireland, Norway, Spain, Germany, France, Costa Rica, the Cayman Islands, Guernsey, Jersey, the Isle of Man, Italy, Mauritius, the Netherlands, Malta, Hungary, Canada, Finland, Luxembourg, Honduras, Estonia, Belgium, Australia, Jamaica, Gibraltar, Liechtenstein, Slovenia, South Africa, New Zealand, Latvia, the British Virgin Islands, Israel, the Czech Republic, Sweden, Lithuania, Mexico, Poland, the Bahamas, Barbados, the Turks and Caicos Islands, Cyprus, Bulgaria, Singapore, Curacao, Qatar, Kosovo, Belarus, Croatia, Uzbekistan, Kuwait, Colombia, Iceland, Romania, the Holy See, South Korea, United Arab Emirates, India, Georgia, the Philippines, Turkey, Slovak Republic, Portugal, St. Vincent and The Grenadines, St. Kitts and Nevis, Azerbaijan, Monserrat, Cambodia, Algeria, Angola, St Lucia, Thailand, Vietnam, Panama, Trinidad and Tobago, the Dominican Republic, Guyana, Antigua and Barbuda, Saudi Arabia, Grenada, Bahrain, Greece, Anguilla, Greenland, Ukraine, Montenegro, Turkmenistan and Kazakhstan.
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
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