FATCA IGA between US and South Korea enters into force

The US Treasury Department has updated its FATCA website, reporting that a Model 1 intergovernmental agreement (IGA) signed by the US and South Korea entered into force on September 8.

The agreement was signed June 10, 2015. South Korea has been treated as if it has had an IGA in effect since June 30, 2014.

For the text of the agreement, see:

• FATCA IGA – South Korea

Related MNE Tax articles:

• US signs Model 1 FATCA IGA with South Korea