FATCA: China reaches “agreement in substance”

FATCA: China reaches “agreement in substance”

Hong Kong Tax Alert - Issue 16, July 2014   The U.S. Treasury Department recently updated its Foreign Account Tax Compliance Act (FATCA) website to record the fact that China has reached an “agreement in substance” for a Model 1 Intergovernmental Agreement (IGA) with the US, effective from 26 June 2014. This document analyses the agreement and its consequences for taxpayers.  


Related content

Connect with us

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.