United States

FATCA Essentials

The Compliance Challenge Is On

On Jan. 17, 2013, the U.S. Treasury Department and IRS released final regulations for the Foreign Account Tax Compliance Act (FATCA). FATCA was enacted into law on March 18, 2010, to address the U.S. government's perception of widespread tax evasion by U.S. taxpayers that hold investments offshore.

With an extensive, multidisciplinary team of professionals with both FATCA and industry-related experience, KPMG is distinctly positioned to help you achieve compliance by the effective dates while maintaining business as usual. Learn more about our services:

Email us or contact any member of KPMG's U.S. FATCA team.

Issues & Insights for Financial Services

FATCA poses significant business challenges to financial services organizations, especially foreign financial institutions (FFIs) and U.S. withholding agents (USWAs), and affects their business models.

BanksWhat You Need to Know

Investment managersWhat You Need to Know

InsurersWhat You Need to Know

Issues & Insights for NFFEs

When FATCA comes fully into force, nonfinancial foreign enterprises (NFFEs) will also need to comply.

Dec. 6 Webcast replay: Understanding the Impact of FATCA for Nonfinancial Companies and Executive Summary

Read more about requirements for NFFEs:

FATCA Regulations and IGAs

  • KPMG Analysis of Feb. 20, 2014,
    package of regulations issued by the
    Treasury and IRS to harmonize
    information reporting and withholding
    rules under chapters 3 and 61 of the
    Code to FATCA regulations
  • FATCA Final Regulations in Booklet
  • Current Status of U.S. Tax Treaties and
    International Tax Agreements (including

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Latest Developments

KPMG's TaxNewsFlash alerts provide summaries of the latest tax regulatory and legislative developments being reported by KPMG International member firms around the globe.

TaxNewsFlash alerts that deal with developments related to FATCA are archived here: FATCA in TaxNewsFlash.

Check back frequently as TaxNewsFlash alerts on this topic are added frequently, often on a daily basis.

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