The Bahamas to host regional FATCA workshop

The Bahamas Ministry of Financial Services will be hosting a workshop on the United States’ Foreign Accounts Tax Compliance Act (FATCA) on April 9-10, 2013 in Nassau. The workshop will be facilitated by US Treasury Department officials from the international tax counsel and the Internal Revenue Service (IRS).

The ministry of financial services said it views this workshop as an important opportunity for regional governments and the private sector to dialogue in detail with the US government about the FATCA regulations and the intended IRS implementation and reporting requirements.

The morning and lunch sessions will be open to the private sector as well as governments and the afternoon session will feature a closed-door workshop for government officials only. The Treasury officials and the IRS will make themselves available for private bilateral discussions on Wednesday, 10 April, 2013 with regional governments

Source: Caribbean News Now