FATCA

AcronymDefinition
FATCAForeign Account Tax Compliance Act of 2009
FATCAFederación Argentina de Trabajadores Cerveceros y Afines (Spanish: Argentina Brewers and Allied Workers Federation)
FATCAFederal Air Traffic Control Authority
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References in periodicals archive ?
In this issue, we would cover basic tenets concerning Fatca. However, due to its varied and far-reaching effects and implications, we would limit our discussion on the effects to non-US financial institutions, or more commonly referred to in Fatca as Foreign Financial Institutions (FFI).
"We have got around Rs 124 crore under FATCA. Action will be taken against them (tax offenders).
Cambodia and the US have signed an agreement to enforce FATCA, which mandates that financial institutions holding certain amounts of money in accounts managed by US citizens must report that information to the US government.
Earlier this year, the Department of Treasury and the Internal Revenue Service (IRS) welcomed the new year with a sea change regarding the Foreign Account Tax Compliance Act (FATCA).
FATCA is not a new tax but an additional reporting mandate for people with overseas assets; it closed loopholes left open by previous offshore account reporting rules and applies to the relatively well-off.
CAMICO offers policyholders sample engagement letter language regarding FBAR and FATCA.
Two years earlier, the Israeli government signed an intergovernmental agreement with the US, pledging to comply with the FATCA, requiring Israeli banks to adhere to American Treasury Department regulations regarding the gathering and reporting of information on customers holding American citizenship.
The US Treasury and Internal Revenue Service (IRS) are expected to release the final draft for the controversial FATCA law soon.
FATCA, signed into law on March 18,2010, as part of the Hiring Incentives to Restore Employment (HIRE) Act, P.L.
(ABG), partnered with SAS and Data Gear to provide Foreign Account Tax Compliance Act (FATCA) solution across all of its branches in Egypt.
Penalties range from imprisonment to revoking nationalities, unless they settle their taxes by the next month, according to FATCA.