Law Society reaches understanding with IRD on FATCA

The New Zealand Law Society says that following discussions with Inland Revenue and the New Zealand Bankers’ Association it has now reached an understanding with Inland Revenue about application of FATCA to lawyers’ trusts accounts.

FATCA is the United States’ Foreign Account Tax Compliance Act. Its objective is to reduce tax evasion by US citizens, tax residents, and entities. US citizens



Comments are closed.