Regulation, Risk & Compliance
Tax
Uncategorized
Kuwait Prepares To Sign FATCA IGA
Kuwait's Ministry of Finance has stated its desire to sign a Model 1 Intergovernmental Agreement (IGA) to help banks comply with the United States Foreign Account Tax Compliance Act (FATCA). FATCA requires Foreign Financial Institutions (FFIs) to report to the US Internal Revenue Service (IRS) information on assets of USD50,000…
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