U.S.A.: FATCA: U.S.A. and San Marino sign Model II Intergovernmental Agreement

On 28 October 2015, San Marino (previously on the list of agreements “in substance”) and the U.S.A. signed an Intergovernmental Agreement (IGA) under Model II to improve international tax compliance with respect to the U.S. Foreign Account Tax Compliance Act (FATCA).

This is the eighth FATCA bilateral agreement Model II to be published so far.

Model II IGAs have previously been signed between the U.S.A. and, individually, Austria, Bermuda, Chile, Japan, Switzerland, Hong Kong and Moldova.

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

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