ARTICLE · 31 JULY 2014

An Update Regarding The New QI Agreement

Deloitte

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On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.

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Deloitte Financial Services Group

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On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014. This follows on from Revenue Procedure 2014-39 that contained the new QI agreement. If you have provided the required information to the IRS as part of your FATCA registration to renew a QI Agreement no further action should be required. If you have not provided this information yet, we recommend this is completed by 31 July in order to ensure that your QI Agreement is renewed. We have set out below an overview of the main changes arising from the new QI agreement.

The new QI Agreement can be viewed here and the bulletin released 23 July can be viewed here.

Summary of changes arising from the new QI agreement:

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