FATCA Archives | Diligent Insights

The penalties for FATCA non-compliance differ based on the severity of the tax evasion.

FATCA October 23, 2019

What Are the Penalties for FATCA Non-Compliance?

The penalties for FATCA non-compliance range depending on what the violation is & your legal team should look for ways to ensure compliance.

A GIIN number is a global identification number for global financial institutions in relation to FATCA.

FATCA March 13, 2019

What is the GIIN Number for FATCA?

A GIIN is a Global Intermediary Identification Number, consisting of 19 characters assigned by the FATCA registration system to financial institutions.

Understanding the differences between FATCA and CRS is essential for tax compliance.

FATCA March 11, 2019

FATCA vs. CRS: The Difference Is Crucial

Though both FATCA and CRS try to combat tax evasion, there are some notable differences between the two sets of regulations.

There are certain regulations that would constitute a business having an exemption from FATCA reporting.

FATCA March 6, 2019

What is FATCA?

The reporting thresholds for FATCA reporting exemptions vary with two factors, your tax filing status and where you reside. The same goes for a business.

FATCA March 4, 2019

FATCA Reporting Template

Creating a FATCA reporting template can help simplify and streamline your FATCA reporting to ensure that your organization stays compliant.

FATCA March 1, 2019

FATCA Reporting Requirements Checklist

A clear list of FATCA reporting requirements checklist will allow you to avoid the pratfalls, distractions & confusion that come with regulatory obligations