US and ​Dominican Republic sign Model 1 FATCA IGA

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The US Treasury Department today updated its FATCA website, reporting that the Dominican Republic the US signed a Model 1 intergovernmental agreement (IGA).

The Dominican Republic and the US previously agreed to a FATCA IGA “in substance,” agreeing that the Dominican Republic would be treated as if it entered into an IGA with the US as of June 30, 2014.

The text of the new agreement is available.