Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
financial regulation requirement
|
| gptkbp:affects |
U.S. citizens
U.S. residents foreign financial institutions |
| gptkbp:appliesTo |
foreign financial institutions
certain U.S. taxpayers |
| gptkbp:dateEnacted |
2010
|
| gptkbp:enforcedBy |
gptkb:Internal_Revenue_Service
gptkb:U.S._Department_of_the_Treasury |
| gptkbp:form |
gptkb:Form_W-8BEN
gptkb:Form_8938 Form 8966 |
| https://www.w3.org/2000/01/rdf-schema#label |
FATCA reporting
|
| gptkbp:legalBasis |
Internal Revenue Code Chapter 4
|
| gptkbp:penalty |
withholding tax
monetary fines |
| gptkbp:purpose |
prevent tax evasion by U.S. persons
|
| gptkbp:relatedTo |
gptkb:Foreign_Account_Tax_Compliance_Act
|
| gptkbp:requires |
annual reporting
disclosure of foreign financial accounts |
| gptkbp:threshold |
varies by filing status and residency
|
| gptkbp:bfsParent |
gptkb:ZenLedger
|
| gptkbp:bfsLayer |
7
|