FATCA IGA List – March 01, 2015

A new list of Foreign Account Tax Compliance Act (FATCA) compliant countries has been published by the US government.

The number of compliant countries has increased from 101 to 112.

Most of the countries have Model 1 FATCA agreements, while 14 have Model 2 agreements.

The main difference between the two agreements is Model 1 agreements allow the IRS to swap reciprocal tax information with another country, while the Model 2 agreement does not.

The countries that have signed agreements are (with the date of signing in brackets):

Finalised IGAs

Model 1 IGA

  • Australia (4-28-2014)
  • Bahamas (11-3-2014)
  • Barbados (11-17-2014)
  • Belgium (4-23-2014)
  • Brazil (9-23-2014)
  • British Virgin Islands (6-30-2014)
  • Bulgaria (12-5-2014)
  • Canada (2-5-2014)
  • Cayman Islands (11-29-2013)
  • Costa Rica (11-26-2013)
  • Curaçao (12-16-2014)
  • Cyprus (12-2-2014)
  • Czech Republic (8-4-2014)
  • Denmark (11-19-2012)
  • Estonia (4-11-2014)
  • Finland (3-5-2014)
  • France (11-14-2013)
  • Germany (5-31-2013)
  • Gibraltar (5-8-2014)
  • Guernsey (12-13-2013)
  • Hungary (2-4-2014)
  • Honduras (3-31-2014)
  • Ireland (1-23-2013)
  • Isle of Man (12-13-2013)
  • Israel (6-30-2014)
  • Italy (1-10-2014)
  • Jamaica (5-1-2014)
  • Jersey (12-13-2013)
  • Latvia (6-27-2014)
  • Liechtenstein (5-19-2014)
  • Lithuania (8-26-2014)
  • Luxembourg (3-28-2014)
  • Malta (12-16-2013)
  • Mauritius (12-27-2013)
  • Mexico (4-9-2014)
  • Netherlands (12-18-2013)
  • New Zealand (6-12-2014)
  • Norway (4-15-2013)
  • Poland (10-7-2014)
  • Qatar (1-7-2015)
  • Singapore (12-9-2014)
  • South Africa (6-9-2014)
  • Spain (5-14-2013)
  • Slovenia (6-2-2014)
  • Sweden (8-8-2014)
  • United Kingdom (9-12-2012)
  • Turks and Caicos Islands (12-1-2014)

Model 2 IGA

  • Austria (4-29-2014)
  • Bermuda (12-19-2013)
  • Chile (3-5-2014)
  • Hong Kong (11-13-2014)
  • Japan (6-11-2013)
  • Moldova (11-26-2014)
  • Switzerland (2-14-2013)

FATCA IGAs under discussion

Countries with FATCA agreements under discussion but considered compliant are:

Model 1 IGA

  • Algeria (6-30-2014)
  • Angola (11-30-2014)
  • Anguilla (6-30-2014)
  • Antigua and Barbuda (6-3-2014)
  • Azerbaijan (5-16-2014)
  • Bahrain (6-30-2014)
  • Belarus (6-6-2014)
  • Cabo Verde (6-30-2014)
  • Cambodia (11-30-2014)
  • China (6-26-2014)
  • Colombia (4-23-2014)
  • Croatia (4-2-2014)
  • Dominica (6-19-2014)
  • Dominican Republic (6-30-2014)
  • Georgia (6-12-201)
  • Greece (11-30-2014)
  • Greenland (6-29-2014)
  • Grenada (6-16-2014)
  • Guyana (6-24-2014)
  • Haiti (6-30-2014)
  • Holy See (11-30-2014)
  • Iceland (11-30-2014)
  • India (4-11-2014)
  • Indonesia (5-4-2014)
  • Kazakhstan (11-30-2014)
  • Kosovo (4-2-2014)
  • Kuwait (5-1-2014)
  • Malaysia (6-30-2014)
  • Montenegro (6-30-2014)
  • Montserrat (11-30-2014)
  • Panama (5-1-2014)
  • Peru (5-1-2014)
  • Philippines (11-30-2014)
  • Portugal (4-2-2014)
  • Romania (4-2-2014)
  • Kitts and Nevis (6-4-2014)
  • Lucia (6-12-2014)
  • Vincent and the Grenadines (6-2-2014)
  • Saudi Arabia (6-24-2014)
  • Serbia (6-30-2014)
  • Seychelles (5-28-2014)
  • Slovak Republic (4-11-2014)
  • South Korea (4-2-2014)
  • Thailand (6-24-2014)
  • Trinidad and Tobago (11-30-2014)
  • Tunisia (11-30-2014)
  • Turkey (6-3-2014)
  • Turkmenistan (6-3-2014)
  • Ukraine (6-26-2014)
  • United Arab Emirates (5-21-2014)
  • Uzbekistan (6-30-2014)

Model 2 IGA

  • Armenia (5-8-2014)
  • Iraq (6-30-2014)
  • Macao (11-30-2014)
  • Nicaragua (6-30-2014)
  • Paraguay (6-6-2014)
  • San Marino (6-30-2014)
  • Taiwan (6-23-2014)

FATCA is a US law that allows the Internal Revenue Service (IRS) to collect financial data about US taxpayers from foreign financial institutions worldwide.

View the latest FATCA IGA list

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FATCA IGA List – March 01, 2015
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