Revenue eBrief No. 117/19

18 June 2019

Foreign Account Tax Compliance Act (FATCA)

Tax and Duty Manual Part 38-03-22 has been amended to reflect recent changes to the Agreement between the Government of Ireland and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA (FATCA IGA).

The TDM has been updated as follows:

  • the sections on Sponsored Investment Entities and Controlled Foreign Corporations have been updated to reflect additions to Annex II of the FATCA IGA and the sections have moved from Appendix 1.4 to Appendix 1.3
  • the section on Sponsored, Closely Held Investment Vehicles has been changed to reflect the text in the updated FATCA IGA.