This advisory discusses Notice 2013-69, which includes a long-awaited draft Foreign Financial Institution (FFI) Agreement, as well as additional guidance under the Foreign Account Tax Compliance Act (FATCA). In addition to the draft FFI Agreement for participating FFIs and those FFIs subject to a Model 2 intergovernmental agreement (IGA), the Notice contains guidance on forthcoming revisions to the FATCA regulations.
The full alert is provided on the Alston & Bird website: www.alston.com/advisories/int-tax-11-15-13
Written by Edward Tanenbaum, Partner, Federal & International Tax | Alston & Bird LLP