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

On 29 April 2014, the U.S.A. and Austria signed an Intergovernmental Agreement (IGA) on the basis of a Model II 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 not yet been published on the U.S. Treasury website.

This is the fifth FATCA bilateral agreement Model II to be published so far; the previous four were signed between the U.S.A. and, individually, Japan, Switzerland, Bermuda and Chile.

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

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