Home » FATCA, United States » FATCA FAQ : My country already has a tax treaty with the United States Does that mean we are exempted from FATCA? If not, how do these regimes work together?

FATCA FAQ : My country already has a tax treaty with the United States Does that mean we are exempted from FATCA? If not, how do these regimes work together?

 

The fact that a country has entered into a double taxation relief treaty or an exchange of information treaty with the U.S. Government does not exempt individuals or entities located in that jurisdiction from having to comply with the FATCA provisions. Individuals or entities must be in compliance with the FATCA provisions for them or their clients to be entitled to treaty benefits. Exchange of Information treaties are used when the governments are seeking information about specific taxpayers.

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