(December 2, 2014)

The U.S. Department of the Treasury published on its website Model Agreements for Jurisdictions that reached an Agreement in Substance with the United States on or after July 1, 2014 on FATCA Agreements to be concluded. Furthermore the U.S. Department of the Treasury also updated its webpage with a new list of jurisdictions with which the United States have reached an agreement in substance on or after July 1, 2014 on FATCA Agreements to be concluded (See below). The list comes next to the existing list of jurisdictions with whom the United States already reached an agreement in substance on or before June 30, 2014 

Model Agreements for Jurisdictions that Reached an Agreement in Substance on or after July 1, 2014 (Click on the agreement to be forwarded to the text of the agreement as published on the website of the U.S. Department of the Treasury, which will open in a new window):

• Reciprocal Model 1A Agreement, Preexisting TIEA or DTC (Updated 11-30-2014)
• Nonreciprocal Model 1B Agreement, Preexisting TIEA or DTC (Updated 11-30-2014)
• Nonreciprocal Model 1B Agreement, No TIEA or DTC (Updated 11-30-2014)
• Model 2 Agreement, Preexisting TIEA or DTC (Updated 11-30-2014)
• Model 2 Agreement, No TIEA or DTC (Updated 11-30-2014)
• Annex I to Model 1 Agreement (Updated 11-30-2014)
• Annex I to Model 2 Agreement (Updated 11-30-2014)
• Annex II to Model 1 Agreement (Updated 11-30-2014)
• Annex II to Model 2 Agreement (Updated 11-30-2014)

Consequently there are now to sets of Model Agreements published on the website of the U.S. Department of the Treasury. One set of Model Agreements for Jurisdictions that Reached an Agreement in Substance on or before June 30, 2014 and a second set of Model Agreements for Jurisdictions that Reached an Agreement in Substance on or after July 1, 2014.

The list of jurisdictions that have reached agreements in substance as of November 30, 2014 and have consented to being included on this list (beginning on the date indicated in parenthesis):

Model 1 IGA 

• Angola (11-30-2014)
• Cambodia (11-30-2014)
• Greece (11-30-2014)
• Holy See (11-30-2014)
• Iceland (11-30-2014)
• Kazakhstan (11-30-2014)
• Montserrat (11-30-2014)
• Philippines (11-30-2014)
• Trinidad and Tobago (11-30-2014)
• Tunisia (11-30-2014)

Model 2 IGA 

• Macao (11-30-2014)

On its website the U.S. Department of the Treasury also published the Agreement between the Government of the United States of America and the Government of the Turks and Caicos Islands to Improve International Tax Compliance and to Implement FATCA, which according to the information provided by the U.S. Department of the Treasury was signed on December 1, 2014. Click here to be forwarded to the text of this agreement as published on the website of the U.S. Department of the Treasury, which opens in a new window.

For more information on FATCA see our section “FATCA”.

Follow International Tax Plaza on Twitter (@IntTaxPlaza)

Copyright – internationaltaxplaza.info