IGA List Expands To 55 (And Mexico IGA Revised)
60 days remain until the July 1st deadline that FATCA’s 30% withholding applies to payments from US sources.
But of immediate importance is the 4 days remaining for foreign financial institutions (FFIs) to register by May 5 with the IRS to obtain a GIIN and to be included on the IRS’ list of participating FFIs in order to avoid the attracting the 30% withholding by US withholding agents. Yet, as of April 30th, the list of IGAs now to be treated in effect is only, including 28 that have been signed and 27 that have only been agreed in substance. Firms in the other 100 jurisdictions, many who expected last minute relief, are now in a panic. Read More
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