FATCA
Do you know FATCA?
The meaning of "United States person" can be found under section 1473, subsection 3 of FATCA and it includes-among other- citizens or residents of USA, partnerships and corporations, incorporated under USA legal framework etc.
Like the majority of OECD countries Belgium and the United States signed an Intergovernmental Agreement ("IGA") in which the Belgian Federal Financial Authority ("Service Public Federal Finances") has to communicate the information referred in FATCA to the relevant USA authorities, the Internal Revenue Service ("IRS").
More information about FATCA on the Belgian Authority's website
Is your company concerned about FATCA?
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