TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Mandates FFIs in Model 1 Jurisdictions to Register for FATCA Compliance by January 2015 to Avoid Taxes.</h1> The circular from the Securities and Exchange Board of India (SEBI) addresses the registration requirements under the Foreign Accounts Tax Compliance Act (FATCA) for Foreign Financial Institutions (FFIs) in Model 1 jurisdictions. These institutions must register with the US Internal Revenue Service (IRS) and obtain a Global Intermediary Identification Number (GIIN) by January 1, 2015, to avoid withholding taxes. SEBI-registered intermediaries with US reportable accounts should comply accordingly. The circular references an IRS FAQ and emphasizes the need for compliance with FATCA regulations to prevent withholding on payments. The circular is issued under the authority of the SEBI Act, 1992.
TaxTMI 
TaxTMI 
