U.S.A.: FATCA: Georgia and the Philippines sign Model I Intergovernmental Agreement with the U.S.A.

14.07.2015

On 10 and 13 July 2015 respectively, Georgia and the Philippines (previously on the list of agreements “in substance”) signed with the U.S.A. an Intergovernmental Agreement (IGA) under Model I to improve international tax compliance with respect to the U.S. Foreign Account Tax Compliance Act (FATCA).

These are the sixtieth and sixty-first FATCA bilateral agreements Model I to be published so far.

Model I IGAs have previously been signed between the U.S.A. and, individually the United Kingdom, Denmark, Mexico, Ireland, Norway, Spain, Germany, France, Costa Rica, the Cayman Islands, Guernsey, Jersey, the Isle of Man, Italy, Mauritius, the Netherlands, Malta, Hungary, Canada, Finland, Luxembourg, Honduras, Estonia, Belgium, Australia, Jamaica, Gibraltar, Liechtenstein, Slovenia, South Africa, New Zealand, Latvia, the British Virgin Islands, Israel, the Czech Republic, Sweden, Lithuania, Mexico, Poland, the Bahamas, Barbados, the Turks and Caicos Islands, Cyprus, Bulgaria, Singapore, Curacao, Qatar, Kosovo, Belarus, Croatia, Uzbekistan, Kuwait, Colombia, Iceland, Romania, the Holy See, South Korea, United Arab Emirates, and India.

We continue to monitor the implementation of FATCA and will provide more information as it becomes available. 

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