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Laperles IGA stands for the Intergovernmental Agreement (IGA) developed by the US Treasury and foreign governments to implement the Foreign Account Tax Compliance Act (FATCA).
Financial institutions, such as banks and investment firms, are required to file the Laperles IGA to report certain information about foreign account holders to the US government.
Financial institutions must follow the guidelines provided by the US Treasury and foreign governments to fill out the Laperles IGA form accurately.
The purpose of Laperles IGA is to improve tax compliance by allowing the US government to obtain information about US taxpayers with foreign accounts.
Information such as account balances, interest, dividends, and other income earned on foreign accounts must be reported on the Laperles IGA.
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