Malta and the US sign FATCA Intergovernmental Agreement

December 2013
  • Print-friendly version
Malta and the US sign FATCA Intergovernmental Agreement

At a glance

The United States and Malta announced on December 16, 2013 that they have signed an IGA to improve international tax compliance and to implement the US FATCA.

The United States and Malta announced on December 16, 2013 that they have signed an IGA to improve international tax compliance and to implement the US FATCA.

The FATCA IGA is a Model I reciprocal agreement, meaning that financial institutions in each country will report specific information to their own Governments, who will then automatically exchange that information annually on a reciprocal basis.

The FATCA IGA is in line with Malta's commitment to improve international tax compliance and mutual assistance in tax matters through the automatic exchange of information. Through the IGA, the United States and Malta will cooperate to reduce tax evasion and build a stronger, more stable, and more accountable, global financial system.