US, ​Saudi Arabia FATCA agreement enters into force

The US Treasury Department has updated its FATCA website, reporting that a Model 1 intergovernmental agreement (IGA) and understanding signed by the US and Saudi Arabia entered into force on February 28.

Saudi Arabia has been treated as if it has had an IGA in effect since June 30, 2014.

See:

• ​Saudi Arabia-US FATCA IGA

• Understanding