US IRS updates list of jurisdictions with in-force TIEAs for nonresident deposit interest reporting

The US IRS on December 16 has updated the list of jurisdictions with which the US has an information exchange agreement for purposes of the bank deposit interest reporting requirements of sections 1.6049-4(b)(5) and 1.6049-8(a) of the Income Tax Regulations. The guidance also identifies jurisdictions which the US has determined that automatic exchange of information is appropriate. The guidance, Revenue Procedure 2014-64, will be in IRB 2014-53, dated December 29.

See:

• Revenue Procedure 2014-64