T&T must be FATCA compliant by Sept 30

Bankers are frustrated over the long awaited passage and implementation of legislation for TT to become FATCA (Foreign Account Tax Compliance Act) compliant.

The implications of non-compliance can result in TT being unable to trade internationally. It can also result in a 30 per cent withholding tax implemented on US dollars flowing into the banking system in TT from the US,

FULL ARTICLE http://www.guardian.co.tt/business/2016-06-30/tt-must-be-fatca-compliant-sept-30

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