FATCA Summary

 

FATCA (Foreign Account Tax Compliance Act) is a US law that targets US Taxpayers with foreign financial accounts.

 

A Liberian Corporation may need to report if “US Taxpayers hold a substantial ownership interest”.

 

There is no IGA or similar in place between Liberia and the United States regarding FATCA. There is no requirement for such a an agreement.

 

You can find more information on the US IRS website (Link).

 

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