Foreign Account Tax Compliance Act, currently in force
Model 1 and Model 2 IGAs
Model 1 Intergovernmental Agreements
The following IGAs are reciprocal, unless otherwise noted (*). Countries that have entered into a reciprocal agreement with the United States require a mutual exchange of information regarding the information gathered by foreign financial institutions. This is known as a Model 1A agreement.
FATCA – Model 1: Intergovernmental Agreements
Model 2 Intergovernmental Agreements
Foreign Financial Institutions under the Model 2 IGAs must register with and report account information to the IRS.