Resource Center

FATCA was enacted in 2010 by Congress to target non-compliance by U.S. taxpayers using foreign accounts.  FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest.  Here you will find links to many documents related to FATCA and its implementation.

Model Intergovernmental Agreements (Model Agreements)

On July 25, 2012, Treasury published the Model Intergovernmental Agreement to Improve Tax Compliance and to Implement FATCA (Model 1).  Use the links here to find the version of the agreement you need.

• Reciprocal Version of Model Agreement (Model 1A)
• Nonreciprocal Version of Model Agreement (Model 1B) 
• Joint Communiqué on the Occasion of the Publication of the Model Agreement
  (7-25-2012)

 Joint Statements and Signed Bilateral Agreements

• Bilateral Agreement between the US and the UK to Implement FATCA
  (9-12-2012) 
• Joint Communiqué on the Occasion of the Publication of the Model Agreement
   (7-25-2012)
• Joint Statement from the US and Japan (6-21-2012)
• Joint Statement from the US and Switzerland (6-21-2012)
• Joint Statement from the US, France, Germany, Italy, Spain and the UK
  (2-7-2012)

 Press Releases

• Treasury, United Kingdom Sign Bilateral Agreement to Improve Tax Compliance, Combat Offshore Tax Evasion and Implement FATCA
  (9-14-2012)
• Treasury Releases Model Intergovernmental Agreement for Implementing FATCA to Improve Offshore Tax Compliance and Reduce Burden 
  (7-26-2012)
• Treasury, Switzerland Agree to Pursue Framework for Cooperation for Implementing FATCA 
  (7-26-2012)
• Treasury, Japan Agree to Pursue Framework for Cooperation for Implementing FATCA
  (7-26-2012) 
• Treasury and IRS Issue Proposed Regulations under FATCA to Improve Offshore Tax Compliance and Reduce Burden (2-8-2012)