The Foreign Account Tax Compliance Act
FATCA promotes cross-border tax compliance by implementing an international standard for the automatic exchange of information
FATCA stands for The Foreign Account Tax Compliance Act and promotes cross-border tax compliance by implementing an international standard for the automatic exchange of information related to US taxpayers. FATCA regulations require tax authorities to obtain detailed account information for US taxpayers on an annual basis.
Where required by law, RiskPoint will send to our clients a copy of the appropriate W-8IMY form for the RiskPoint entity with which our clients transact business. In order to satisfy client requests for the electronic receipt of information, RiskPoint’S W-8IMY forms are also made available online via the links below. Your firm may be required to take certain actions in order to be FATCA compliant and you should consult with your tax and/or compliance advisor to determine how you may be impacted by FATCA.