Yesterday, the US Treasury Department announced that it will treat more than a dozen countries that have agreed in substance on the terms of an IGA as having signed bilateral agreements. Furthermore the registration deadline has been extended by 10 days to 5 May 2014 allowing institutions more time to register and be included on the first published list of Participating Financial Institutions.
The announcement provides clarification for Financial Institutions in countries that are close to signing an IGA. With 26 IGAs signed to date, the announcement adds the following additional jurisdictions which will be treated as having IGAs in place until 31 December 2014 by which date the IGA must be signed in order for this status to continue without interruption.
Model 1 IGA
- Australia
- Belgium
- Brazil
- British Virgin Islands
- Czech Republic
- Gibraltar
- Jamaica
- Kosovo
- Latvia
- Liechtenstein
- Lithuania
- New Zealand
- Poland
- Portugal
- Qatar
- Slovenia
- South Africa
- South Korea
- Romania
Model 2 IGA
- Austria
The following IGAs have been signed to date.
Model 1 IGA
- Canada
- Cayman Islands
- Costa Rica
- Denmark
- Finland
- France
- Germany
- Guernsey
- Hungary
- Honduras
- Ireland
- Isle of Man
- Italy
- Jersey
- Luxembourg
- Malta
- Mauritius
- Mexico
- Netherlands
- Norway
- Spain
- United Kingdom
Model 2 IGA
- Bermuda
- Chile
- Japan
- Switzerland
To view announcement 2014-17 please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
