FATCA
Maria Vargatu avatar
Written by Maria Vargatu
Updated over a week ago

The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, requires that foreign financial Institutions (FFIs) and certain other non-financial foreign entities (NFFEs) report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments.

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