FATCA Exemption Clause: Switzerland & USA 2016 03 25

Editor News Leave a Comment

USA and Switzerland have reached an agreement regarding the Foreign Account Tax Compliance Act (FATCA) exemption for accounts held by lawyers or notaries. According to the newly inserted clause, accounts held for specific purposes by notaries or lawyers for their clients will be excluded from the scope of the application of FATCA. The institution maintaining the account will not need …

EditorFATCA Exemption Clause: Switzerland & USA