Expired deadline for submitting a FATCA statement
1 December was the deadline for meeting the obligation to submit a FATCA statement. The obligation concerns everybody (individuals as well as companies) who opened their account after 30 June 2014.
FATCA (Foreign Account Tax Compliance Act) is an American legal act passed in 2010 by the Congress. Its aim is imposing an obligation on foreign financial institutions to provide a list of clients that constitute a group of US tax residents. The main idea behind introducing the obligation is Read more