Continuing its implementation of the Foreign Account Tax
Compliance Act (FATCA), the US Treasury Department recently
released a package of proposed and temporary regulations.
According to a fact sheet released by the US Treasury Department
along with a preliminary version of the temporary regulations on
February 20, 2014, this is "the last substantial package of
regulations necessary to implement [FATCA]." For previous
Dentons alerts on FATCA guidance, please see
US Government Announces 6-Month Delay in Certain FATCA Rules;
US Treasury Department Releases Latest Round of FATCA Guidance;
US Issues Final FATCA Regulations.
The package includes two separate sets of regulatory changes.
One set (the "FATCA amendments") makes changes to the
final FATCA regulations issued in January 2013. Some of the FATCA
amendments flesh out conceptual changes previously announced by the
Treasury Department, but other changes in the FATCA amendments
respond to comments from
