Foreign Account Tax Compliance Act (FATCA)

FATCA was enacted in 2010 by Congress to target non-compliance by U.S. taxpayers using foreign accounts. FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. Here you will find links to many documents related to FATCA and its implementation.

• Model Agreements - Use this link to see the complete list of Model Agreements and to find the current version of the agreement you need.
• Press Releases – Scroll down to see a list of all Treasury press releases related to FATCA.
• List of Agreements In Effect – Use this link for a complete listing of jurisdictions treated as having an intergovernmental agreement in effect, all joint FATCA statements, and all notification letters of more favorable terms.

For access to the regulations and administrative guidance related to FATCA and to learn about taxpayer obligations please visit the Internal Revenue Service FATCA Page at:http://www.irs.gov/businesses/corporations/article/0,,id=236667,00.html.

Model Intergovernmental Agreements (Model Agreements)

Following the enactment of FATCA, Treasury published the Model Intergovernmental Agreement to Improve Tax Compliance and to Implement FATCA. Use the links here to find the current version of the agreement you need.

Model Agreements for Jurisdictions that Reached an Agreement in Substance on or before June 30, 2014:

• Reciprocal Model 1A Agreement, Preexisting TIEA or DTC
  (Updated 6-6-2014)
• Nonreciprocal Model 1B Agreement, Preexisting TIEA or DTC
  (Updated 6-6-2014)
• Nonreciprocal Model 1B Agreement, No TIEA or DTC (Updated 6-6-2014)
• Model 2 Agreement, Preexisting TIEA or DTC (Updated 6-6-2014)
• Model 2 Agreement, No TIEA or DTC (Updated 6-6-2014)
• Annex I to Model 1 Agreement (Updated 6-6-2014)
• Annex I to Model 2 Agreement (Updated 6-6-2014)
• Annex II to Model 1 Agreement (Updated 11-4-2013)
• Annex II to Model 2 Agreement (Updated 11-4-2013)

Model Agreements for Jurisdictions that Reached an Agreement in Substance on or after July 1, 2014:

• Reciprocal Model 1A Agreement, Preexisting TIEA or DTC
  (Updated 11-30-2014)
• Nonreciprocal Model 1B Agreement, Preexisting TIEA or DTC
  (Updated 11-30-2014)
• Nonreciprocal Model 1B Agreement, No TIEA or DTC
  (Updated 11-30-2014)
• Model 2 Agreement, Preexisting TIEA or DTC (Updated 11-30-2014)
• Model 2 Agreement, No TIEA or DTC (Updated 11-30-2014)
• Annex I to Model 1 Agreement (Updated 11-30-2014)
• Annex I to Model 2 Agreement (Updated 11-30-2014)
• Annex II to Model 1 Agreement (Updated 11-30-2014)
• Annex II to Model 2 Agreement (Updated 11-30-2014)

Press Releases

• Treasury to Treat Jurisdictions with FATCA Agreements in Substance as Agreements in Effect to Prepare for Start of Law (4-2-2014)
• Treasury Releases Last Substantial Rules Package to Combat Offshore Tax Evasion (2-20-2014)
• U.S. Announces Agreement With Canada To Halt Offshore Tax Evasion (2-5-2014)
• United States Signs Six More Bilateral Agreements To Improve Tax Compliance, Combat International Tax Evasion, And Implement FATCA (12-19-2013)
• U.S. Signs Historic Agreements With Cayman Islands, Costa Rica To Fight Offshore Tax Evasion (11-29-2013)
• U.S. And France Agree To Combat Offshore Tax Evasion (11-14-2013)
• Treasury Engaging with More than 80 Countries to Combat Offshore Tax Evasion and Improve Global Tax Compliance (7-12-2013)
• Treasury Takes Next Step in Effort to Curtail Offshore Tax Evasion (10-20-2013)
• ​Fact Sheet: FATCA Amendments and Coordination Regulations (2-20-2014)​
• Treasury and IRS Issue Final Regulations to Combat Offshore Tax Evasion(1-17-2013)
• U.S. Engaging with More Than 50 Jurisdictions to Curtail Offshore Tax Evasion
  (11-8-2012)
• Treasury, United Kingdom Sign Bilateral Agreement to Improve Tax Compliance, Combat Offshore Tax Evasion and Implement FATCA
  (9-14-2012)
• Treasury Releases Model Intergovernmental Agreement for Implementing FATCA to Improve Offshore Tax Compliance and Reduce Burden
  (7-26-2012)
• Treasury, Switzerland Agree to Pursue Framework for Cooperation for Implementing FATCA
  (7-26-2012)
• Treasury, Japan Agree to Pursue Framework for Cooperation for Implementing FATCA
  (7-26-2012)
• Treasury and IRS Issue Proposed Regulations under FATCA to Improve Offshore Tax Compliance and Reduce Burden (2-8-2012)

List of Agreements in Effect

Click here for a complete listing of joint statements and jurisdictions treated as having an intergovernmental agreement in effect.

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