US IRS relaxes FATCA rules for financial institutions required to report TINs

The US IRS today announced it has relaxed rules applicable to US and foreign financial institutions that are required to obtain taxpayer identification numbers (TINs) and dates of birth under temporary regulations under Chapter 3 or a Model 1 Intergovernmental Agreement (IGA).

Notice 2017-46,  provides that foreign financial institutions (FFIs) in Model 1 IGA jurisdictions will not be



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