U.S. Department of the Treasury

FATCA was enacted in 2010 by Congress to target non-compliance by U.S. taxpayers using foreign accounts.

FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. FFIs are encouraged to either directly register with the IRS to comply with the FATCA regulations (and FFI agreement, if applicable) or comply with the FATCA Intergovernmental Agreements (IGA) treated as in effect in their jurisdictions. For access to the FATCA regulations and administrative guidance related to FATCA and to learn about taxpayer obligations please visit the Internal Revenue Service FATCA Page.

Scroll down below the Table of FATCA Agreements and Understandings by Jurisdiction to find a list of Model Intergovernmental Agreements and assorted additional statements related to FATCA and its implementation.

FATCA Agreements and Understandings by Jurisdiction

​Superseded
(in force 3-28-2015 to 12-31-2020)

In Force (1-1-2021)

Model 2 – In Force (6-2-2014)

Model 1 – Signed

*Consistent with the Taiwan Relations Act, the parties to the agreement are the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States.

Model Intergovernmental Agreements

Following the enactment of FATCA, Treasury published the Model Intergovernmental Agreement to Improve Tax Compliance and to Implement FATCA.

Model Agreements for Jurisdictions that Reached an Agreement in Substance on or before June 30, 2014:

• Reciprocal Model 1A Agreement, Preexisting TIEA or DTC (updated 6-6-2014)
• Nonreciprocal Model 1B Agreement, Preexisting TIEA or DTC (updated 6-6-2014)
• Nonreciprocal Model 1B Agreement, No TIEA or DTC (updated 6-6-2014)
• Model 2 Agreement, Preexisting TIEA or DTC (updated 6-6-2014)
• Model 2 Agreement, No TIEA or DTC (updated 6-6-2014)
• Annex I to Model 1 Agreement (updated 6-6-2014)
• Annex I to Model 2 Agreement (updated 6-6-2014)
• Annex II to Model 1 Agreement (updated 11-4-2013)
• Annex II to Model 2 Agreement (updated 11-4-2013)

Model Agreements for Jurisdictions that Reached an Agreement in Substance on or after July 1, 2014:

• Reciprocal Model 1A Agreement, Preexisting TIEA or DTC (updated 11-30-2014)
• Nonreciprocal Model 1B Agreement, Preexisting TIEA or DTC (updated 11-30-2014)
• Nonreciprocal Model 1B Agreement, No TIEA or DTC (updated 11-30-2014)
• Model 2 Agreement, Preexisting TIEA or DTC (updated 11-30-2014)
• Model 2 Agreement, No TIEA or DTC (updated 11-30-2014)
• Annex I to Model 1 Agreement (updated 11-30-2014)
• Annex I to Model 2 Agreement (updated 11-30-2014)
• Annex II to Model 1 Agreement (updated 11-30-2014)
• Annex II to Model 2 Agreement (updated 11-30-2014)

Additional FATCA Statements

Joint Statements:

• Statement between the US Department of the Treasury and the Authorities of Japan to Implement FATCA (6-11-2013)
• Joint Communiqué on the Occasion of the Publication of the Model Agreement (France, Germany, Italy, Spain and the UK) (7-25-2012)
• Joint Statement from the US and Japan (6-21-2012)
• Joint Statement from the US and Switzerland (6-21-2012)
• Joint Statement from the US, France, Germany, Italy, Spain and the UK (2-7-2012)

Notification of More Favorable Terms:

• Notification of More Favorable Terms – Model 1 (Certain Alternative Procedures) (updated 9-29-2015)
• Notification of More Favorable Terms – Model 2 (updated 7-31-2015)
• ​Notification of More Favorable Terms – Model 1 (Certain Alternative Procedures) (updated 8-18-2015)
• Notification of More Favorable Terms – Model 1 (9-23-2014)