Updated FATCA FAQ Addresses Expiring FFI Agreement

Updated FATCA FAQ Addresses Expiring FFI Agreement

Internal Revenue Service

The IRS has updated a prior list of frequently asked questions on Foreign Account Tax Compliance Act requirements, providing that the IRS will treat a participating foreign financial institution’s continued registration as its concurrence with the terms of the FFI agreement under Rev. Proc. 2017-16 until December 31, 2022, or the publication of another revenue procedure superseding Rev. Proc. 2017-16.

The IRS has updated a prior list of frequently asked questions on Foreign Account Tax Compliance Act requirements, providing that the IRS will treat a participating foreign financial institution’s continued registration as its concurrence with the terms of the FFI agreement under Rev. Proc. 2017-16 until December 31, 2022, or the publication of another revenue procedure superseding Rev. Proc. 2017-16.

The IRS has updated a <a href="/lr/resolve//28p7t">prior list</a> of frequently asked questions on Foreign Account Tax Compliance Act requirements, providing that the IRS will treat a participating foreign financial institution’s continued registration as its concurrence with the terms of the FFI agreement under <a href="/lr/resolve//dpt2">Rev. Proc. 2017-16</a> until December 31, 2022, or the publication of another revenue procedure superseding Rev. Proc. 2017-16.

The IRS has updated a prior list of frequently asked questions on Foreign Account Tax Compliance Act requirements, providing that the IRS will treat a participating foreign financial institution’s continued registration as its concurrence with the terms of the FFI agreement under Rev. Proc. 2017-16 until December 31, 2022, or the publication of another revenue procedure superseding Rev. Proc. 2017-16.