FATCA - Text of Model 1 IGA signed with Jamaica; agreements reached with Indonesia, Singapore 

May 6: The U.S. Treasury Department updated its FATCA* webpage to include text of a recently signed intergovernmental agreement (IGA) between the United States and Jamaica. Treasury reports that the IGA with Jamaica follows the Model 1 IGA.

Read the IGA [PDF 396 KB] (May 2, 2014) as signed between Jamaica and the United States.

Treasury also noted that:

  • Indonesia reached an agreement “in substance” for a Model 1 IGA with the United States (as of May 4, 2014).
  • Singapore reached an agreement “in substance” for a Model 1 IGA (as of May 5, 2014).

There is no information as to when the IGA with Indonesia or Singapore would be signed.

Read more on Treasury’s FATCA webpage.

*FATCA = Foreign Account Tax Compliance Act

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