FATCA Implementation Postponed

26 October 2012

The U.S. Internal Revenue Service announced on 24 October 2012 that it has postponed key FATCA start dates. Institutions will also now have until January 1, 2014, to have procedures in place to meet FATCA reporting requirements.

Gaining an additional two years, institutions will now have until January 1, 2017 to begin withholding U.S. tax from clients' investment gains.


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