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FA C T S H E E T 1. 4Reducing Pressure on Housing AffordabilityFirst Home Super Saver Scheme The Government will help Australians boost their savings for their first home by allowing them to build

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What is fa c t s?

FATCA stands for Foreign Account Tax Compliance Act, a tax law enacted by the United States government.

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Financial institutions and individuals with foreign financial accounts are required to file FATCA.

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FATCA can be filled out electronically through the IRS FATCA registration system.

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The purpose of FATCA is to prevent tax evasion by US persons holding accounts in foreign financial institutions.

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FATCA requires reporting of foreign financial accounts and assets held by US persons.

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