US IRS gives countries with “in substance” FATCA IGAs more time to sign IGAs, adds more countries to the “in substance” list

December 1, 2014

The US IRS on December 1 released an advance copy of guidance that provides that countries that have reached FATCA intergovernmental agreements (IGAs) "in substance" that do not sign an IGA by December 31 will continue to be treated as if an IGA was in effect as long as the country displays a "firm resolve" to sign an IGA as soon as possible. The new guidance . . .
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