Foreign Account Tax Compliance Act (FATCA)

The timeline for FATCA is tight

While the latest FATCA guidance published in July 2011 by the US Internal Revenue Service has provided some relief with respect to FATCA implementation deadlines, time is of the essence when ensuring that your company is compliant with the new reporting requirements enacted as part of the HIRE Act in March 2010.

“FATCA is due to enter into force in mid-2013 – which doesn’t leave much time. We show you how to prepare your organisation for this challenge and implement the new regulations efficiently.”

Christoph Schärer, Leader FATCA

We can help you:

  • understand FATCA and its impact in the context of your specific business needs
  • assess the costs and benefits of FATCA compliance for your individual business
  • strategically refocus your business in the context of new and changing regulatory requirements such as FATCA, final withholding tax, Dodd-Frank and others 
  • implement FATCA and adapt your business systems and processes accordingly
  • make allowance for the legal implications resulting from FATCA at a jurisdictional level
  • define FATCA requirements on your individual IT platform
  • by providing additional resources to reinforce implementation efforts at your company
  • By giving guidance during the testing and going-live phase of your FATCA implementation.

Your benefits

PwC maintains close relationships with key stakeholders and decisionmakers at the US Treasury and the IRS. Our experience and expertise also give us profound understanding of the operational implications and process changes companies will face as a result of FATCA.

PwC treats every company and industry differently and distinctly. Our experts provide tailored advice and support on the technical and operational consequences of FATCA and other regulatory changes. PwC’s global FATCA network includes highly specialised tax, legal, assurance and advisory experts in the banking, insurance and asset management industry.