Understand the FATCA regime to be able to apply the rules of diligence required, whether in relation to an individual account or legal entity.
This training provides a detailed presentation of the FATCA Regime and focuses at first on the specificities of the Model 1 and Model 2 IGA. Divided in 3 modules, the training presents first the individual accounts by observing the indicia and ways to determine if the account is open for an “US Person». The second module, deals with the US as well as the non US entities in order to determine which types under FATCA classification and the requested forms to be completed. The last module details the FATCA reporting including FATCA withholding, the FATCA compliance requirements and the FATCA penalties.
Deloitte Switzerland and VisionCompliance have partnered to create online training on topics related to US taxation and the automatic exchange of tax information.