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The bill’s implementing the FATCA

Up to this day of July 31, 2015 , the bill’s implementing the intergovernmental agreement concerning FATCA regulations legislative process has not been completed. There is also no specific date of adoption of the project by the Council of Ministers.

As a result of the opinion on the draft, brought by the Legislative Council, it was decided that all issues related to the performance of FATCA agreement shall be regulated in a separate, dedicated to this topic Bill. Thus, the idea of conducting extensive amendments to the Tax Code was abandoned.

You can find more detailed information related to the implementation of the intergovernmental agreement concerning FATCA on the specialist FATCA website, maintained by the Law Office.

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