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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