U.S.A.: FATCA : Model I Intergovernmental Agreement signed with Costa Rica

On 26 November 2013, the U.S.A. and Costa Rica signed an Intergovernmental Agreement (IGA) on the basis of a Model I template, in order to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA).

The text of the signed agreement has been published on the website of the U.S. Treasury.

This is the ninth FATCA bilateral Model I agreement to be published so far; the previous eight were signed between the U.S.A. and, individually, the United Kingdom, Denmark, Mexico, Ireland, Norway, Spain, Germany and France.

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

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.