Author: Stephen Kessinger

Automatic Exchange of Information (AEOI) Updates

Automatic Exchange of Information (AEOI) Updates: August 15-26, 2016

August 26, 2016, 12:42 pm EST in Blog

Overview Automatic Exchange of Information (AEOI) legislation and technical updates are top concerns for foreign financial institutions. The Sovos Compliance Research Team continually monitors new regulations and updates from around the world and publishes them in our tool, Sovos Taxport Compass. Contact us today to start your subscription and have access...

IGA

Treasury To Reconsider IGA Status For Certain Jurisdictions

August 4, 2016, 11:06 am EST in Blog, Global Information Reporting

This week, the Treasury Department published Announcement 2016-27 detailing its plan to reevaluate jurisdictions whose FATCA Intergovernmental Agreement (IGA) status is treated as “in effect.” This means that Foreign Financial Institutions (FFIs) in jurisdictions whose IGA is currently signed or considered in substance may face changes to how they report...