FATCA Certifications Delayed and Other Welcomed Guidance Issued

On January 19, 2016, the US Internal Revenue Service (“IRS”) issued Notice 2016-08 (the “Notice”), which announced the intention to amend the Treasury regulations promulgated under chapter 4 of the Internal Revenue Code (“FATCA”).

Most notably, the Notice delays the provision of the FATCA preexisting account certification relating to participating foreign financial institutions (“participating FFIs”) and foreign financial institutions located in

FULL ARTICLE http://www.lexology.com/library/detail.aspx?g=a9f0acc0-2373-4213-b437-5bfe5ed6314f

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