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By Camille Seillès, Adviser, Legal and tax - ABBL
On 12 July 2013, the U.S. Internal Revenue Service (IRS) released an advance copy of Notice 2013-43, which provides that the U.S. Department of Treasury (Treasury) and the IRS intend to amend the final regulations to postpone by six months the start of FATCA withholding, and to make the corresponding adjustments to various other time frames provided in the final regulations. The Notice also provides additional guidance concerning financial institutions in jurisdictions that have signed an intergovernmental agreement (IGA) but have not yet enacted legislation bringing it into force.
Notice 2013-43 shall be published in Internal Revenue Bulletin 2013-31 on 29 July 2013.
In the...
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