The IRS has confirmed that the US has signed competent authority arrangements (CAA) with Australia and the UK, these are the first arrangements of this kind to be signed and it is anticipated that CAAs with other intergovernmental agreement (IGA) jurisdictions will be signed in the near future. The CAAs were signed with the competent authorities of Australia and the UK in accordance with the UK/US IGA and the Australia/US IGA, respectively. See www.1.usa.gov/1LzNYq3.
Separately, Montserrat has become the latest jurisdiction to officially sign a FATCA IGA with the US. The Montserrat IGA is based on model 1B IGA. Montserrat previously reached an agreement in substance for a Model 1A IGA with the US and has been treated by the US Treasury as having an IGA in effect from 11 November 2014.
The IRS has confirmed that the US has signed competent authority arrangements (CAA) with Australia and the UK, these are the first arrangements of this kind to be signed and it is anticipated that CAAs with other intergovernmental agreement (IGA) jurisdictions will be signed in the near future. The CAAs were signed with the competent authorities of Australia and the UK in accordance with the UK/US IGA and the Australia/US IGA, respectively. See www.1.usa.gov/1LzNYq3.
Separately, Montserrat has become the latest jurisdiction to officially sign a FATCA IGA with the US. The Montserrat IGA is based on model 1B IGA. Montserrat previously reached an agreement in substance for a Model 1A IGA with the US and has been treated by the US Treasury as having an IGA in effect from 11 November 2014.
