*US IRS delays key FATCA start dates – which is the date by which non-US (foreign) financial institutions are expected to comply (16)

The US Internal Revenue Service (IRS) has postponed the implementation of new rules – in the Foreign Account Tax Compliance Act (FATCA) – requiring participating foreign financial institutions (FFIs) to complete certain FATCA withholding and reporting obligations in respect of their account holders. The new start dates are set out in IRS Announcement 2012-42.

[LTN 208, 26/10]