US and India sign Model 1 FATCA IGA

The US and India have signed a Model 1 intergovernmental agreement (IGA), the Indian goverment announced July 9. The countries has reached an agreement in substance on a FATCA IGA as of April 11, 2014.

The full text of the new agreement is available.

See:

• Model 1 IGA

• Memorandum of Understanding regarding the agreement between the Government of the Republic of India and the Government of the United States of America to Improve International Tax Compliance and to implement FATCA​

• United States and India Sign Agreement to Share Tax Information