More

    U.S. sets Deadline for Foreign Banks to give Information on U.S. Citizens

    Must Read

    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rica News (TCRN) – The United States on Friday set new deadline to July 1st, 2014 the deadline for foreign banks to supply information on US citizen accounts as part of the fight against tax evasion.

    The U.S. Treasury expects foreign banks to agree to identify and report information on US citizens’ accounts, or US financial institutions will with hold 30 percent of dividend and interest payments due.

    The Treasury reports it was working with more than 80 countries on data exchange on the offshore accounts.

    The Treasury reported it had already signed nine agreements with other governments to regarding exchange of information required by the Foreign Account Tax Compliance Act (FATCA). AFP

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    Resonance Costa Rica
    Learn how to describe the purpose of the image(opens in a new tab).https://resonancecr.com/
    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    The Transformation of Nutrition for Well-Being in Costa Rica

    Modern living conditions and human quality of life are better than ever today. However, neither physically nor psychosocially have...

    More Articles Like This

    Language »