Facta

Asian finance firms face a hefty Fatca compliance burden

The regulations for the US Foreign Account Tax Compliance Act were announced earlier this month, and Asian financial institutions can no longer play wait-and-see, according to PwC.
February 21, 2012

The proposed regulations for the US Foreign Account Tax Compliance Act (Fatca) were finally issued on February 8, and they will significantly affect foreign financial institutions (FFIs), including those in Asia, according to PricewaterhouseCoopers (PwC).

¬ Haymarket Media Limited. All rights reserved.

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