TAJ reports perfect record for FATCA filings

Tax Administration Jamaica (TAJ) reported on Tuesday that local financial institutions required to report under the Foreign Account Tax Compliance Act (FATCA) are now 100 per cent compliant.

FATCA is United States legislation designed to target US taxpayers holding accounts and assets outside that country and are non-compliant with US tax.

Under a government-level agreement, the TAJ secures information from local banks

FULL ARTICLE http://jamaica-gleaner.com/article/business/20170621/taj-reports-perfect-record-fatca-filings

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