^
+ Follow FATCA Tag
FATCA
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1500044
                    [Title] => Financial firms told to brace for US-Philippines tax agreement
                    [Summary] => 

The Bureau of Internal Revenue told Philippine financial firms to prepare for the full implementation of the inter-governmental agreement (IGA) between the US and Philippines on the Foreign Account Tax Compliance Act (Fatca) next year.

[DatePublished] => 2015-09-14 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1213316 [AuthorName] => Carlo S. Lorenciana [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [1] => Array ( [ArticleID] => 1332944 [Title] => Better late than never: Delayed reaction to the US Foreign Account Tax Compliance Act [Summary] =>

FATCA is part of a larger piece of legislation called the Hiring Incentives to Restore Employment Act (HIRE) that was passed by the United States Congress in 2010.

[DatePublished] => 2014-06-10 00:00:00 [ColumnID] => 136078 [Focus] => 0 [AuthorID] => 1438894 [AuthorName] => Kathleen L. Saga [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 1302020 [Title] => Banks not complying with FATCA may face sanctions [Summary] =>

Local banks with US-citizen clients who are non-compliant with US tax rules may face sanctions as they expose themselves to legal and financial risks, the Bangko Sentral ng Pilipinas said.

[DatePublished] => 2014-03-18 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1438879 [AuthorName] => Kathleen A. Martin [SectionName] => Business [SectionUrl] => business [URL] => http://imageshack.us/a/img18/428/bus2l.jpg ) [3] => Array ( [ArticleID] => 1236979 [Title] => Asian bankers wary of new US rules on foreign accts [Summary] =>

Members of the Asian Bankers Association (ABA), which include the Philippines, have expressed concern on the possible negative impact of the Foreign Account Tax Compliance Act (FATCA) on their operations.

[DatePublished] => 2013-09-23 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 961247 [Title] => BSP asks banks to prepare for US FATCA implementation [Summary] =>

Financial institutions were asked to prepare for the effectivity of a US order next year targeted at running after American tax evaders offshore and seen having an impact on their operations.

[DatePublished] => 2013-07-04 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 960466 [Title] => FATCA Registration and the Responsible Officer’s Big Responsibility under FATCA [Summary] =>

Since the passage of the Foreign Account Tax Compliance Act (FATCA) in 2010, rumors have been swirling around financial institutions regarding its implementation.

[DatePublished] => 2013-07-02 00:00:00 [ColumnID] => 136078 [Focus] => 0 [AuthorID] => 1438894 [AuthorName] => Kathleen L. Saga [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 783488 [Title] => Phl banks asked to participate in FATCA [Summary] =>

Banks in the Philippines are encouraged to participate in the Foreign Account Tax Compliance Act (FATCA) passed by the United States Congress to enable them to participate in the global banking environment.

[DatePublished] => 2012-03-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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