U.S. Publishes FATCA IGA and MoU with Argentina

The U.S. Department of the Treasury has published the Model 1 FATCA Intergovernmental Agreement (FATCA IGA) signed with Argentina on 5 December 2022. A Memorandum of Understanding (MoU) signed along with the FATCA IGA has also been published. The MoU concerns Argentine financial institutions that have a foreign financial institution (FFI) agreement to be treated as complying with the requirements of section 1471(b) of the U.S. Internal Revenue Code. Section 1471(b) sets out reporting requir…