The United States and  Canada have signed an intergovernmental agreement to implement the Foreign Account Tax Compliance Act (“FATCA”). The Treasury Department also announced the U.S. has signed IGAs with Hungary, Italy and Mauritius.

Treasury Deputy Assistant Secretary for International Tax Affairs Robert Stack said, “FATCA implementation is critical to combatting international tax evasion and promoting transparency. The agreements announced today clearly demonstrate the considerable international support behind FATCA and we are proud to lead the global charge on this pressing issue.”

The text of the Canada agreement can be accessed via: http://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Canada-2-5-2014.pdf.

The Hungary agreement can be accessed via: http://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Hungary-2-4-2014.pdf.

The agreement with Italy can be accessed via: http://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Italy-1-10-2014.pdf.

The Mauritius agreement can be accessed via: http://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Mauritius-12-27-2013.pdf.