New Zealand

A successful FATCA project 

FATCA in New Zealand

 

Follow these steps to successfully progress your FATCA project. Also see our comprehensive list of FATCA resources.

  • Raise awareness – Socialise the issues and get your organisation’s management engaged.

  • Assign project ownership – Assess your resourcing requirements, create a project plan and ensure you have the necessary budget and resources.

  • Use your compliance and governance framework to establish parameters for the FATCA project.

  • Understand the requirements – Review the regulations, agreements and guidance, understand how FATCA works.

  • Understand industry specific issues – Talk to industry associations, read submissions made to the IRS and read available publications.

  • Know what is ahead – Understand the areas of uncertainty, what is the timeline and what might change?  How would an inter-government agreement impact your organisation?

  • Do an impact analysis – Consider if FATCA applies to you.  What activities are impacted? What are your options?

  • Leverage current projects – What are you doing for Anti Money Laundering?  Can you include FATCA requirements?

  • Consider what support you will need – What tools do you have?  What do you need to purchase or create?

 

I am interested in having a free FATCA workshop


FATCA resources


Draft forms

 

  • W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding - Individuals) [PDF: 600KB] 
  • W-8BEN-E  (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding - Entities) [PDF: 700KB 
  • W-8IMY  (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding) [PDF:1MB]
  • W-8ECI  (Certificate of Foreign Person's Claim that Income is Effectively Connected with the Conduct of a Trade or Business in the United States) [PDF:780KB] 
  • W-8EXP (Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding)[PDF:1MB]

 

Webcasts

 

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Contact us

Ceri Horwill

Director - Financial Risk Management

 +64 9 367 5348

 +64 21 363 966

               

              Michael Wright

              Senior Manager - Financial Risk Management

               +64 9 363 3570 

              +64 22 043 2094

            Surveying the market: Are you ready for FATCA?

            Surveying the market
            KPMG firms' FATCA professionals conducted a global survey of global and regional banks, insurance companies and various other financial institutions to assess participants' awareness, attitudes and actions regarding FATCA.

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            KPMG surveyed in 12 countries to look at the key challenges the industry needs to address as a matter of urgency to prepare for FATCA implementations.

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