FATCA

On March 18, 2010, the final version of the highly anticipated Foreign Account Tax Compliance Act of 2009 (FATCA) became law as part of the Hiring Incentives to Restore Employment (HIRE) Act.

What does FATCA mean for your international business?

FATCA introduces sweeping changes to the Internal Revenue Code.

Focused on strengthening information reporting and withholding compliance among US persons who invest through and/or in non-US entities, the IRS now has a greater ability to police tax evasion of US persons using foreign financial institutions, trusts or corporations to shield their identities and US tax status from the US government.

This will seriously impact any financial services institution that have US citizen clients or receive US source income.

How PwC can help

Our FACTA services in Belgium allow you to access the world’s leading global tax network and its highly qualified team of legal, regulatory and compliance experts.

Our approach: to transfer knowledge and experience fluidly across industries and services through strong collaborative global network. 

We share our thinking, experience and solutions in order to develop fresh perspectives and advice that is grounded in practice.

Download further information and guides about FATCA (pdf):