Your taxes: FATCA fact finding

The Israeli Tax Authority (ITA) published on May 22 a backdated circular on the implementation of Israel’s FATCA Agreement with the United States (Circular 3/2017 dated February 12, 2017).

What is FATCA all about?

Briefly, the US Congress enacted the Foreign Account Tax Compliance Act (FATCA) in 2010 requiring non-US account information from US taxpayers. Israel and the US signed an intergovernmental



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