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Germany Formalizes FATCA Obligations

|Approved Changes|Germany-United States
Germany-United States

The German Ministry of Finance on 23 July 2014 issued an ordinance formalizing the country's obligations as outlined in an intergovernmental agreement (IGA) on the implementation of the U.S. Foreign Account Tax Compliance Act (FATCA).

The FATCA examination, reporting, and registration obligations apply from 2014 and must be fulfilled by all "reporting German financial institutions" by July 31,…

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