Foreign Account Tax Compliance Act (FATCA)

The Foreign Account Tax Compliance Act (FATCA) was enacted by the United States (US) Congress in March 2010 to improve compliance with US tax laws.

FATCA imposes certain due diligence and reporting obligations on foreign (non-US) financial institutions, including Australian institutions. These institutions will be required to report information on US citizens with financial accounts to the US Internal Revenue Service (IRS).

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Latest news

ATO FATCA News and Updates Bulletin

IRS FATCA News and Information List

More information

See also:

FATCA reporting

Latest news

March 2020

There are changes to IRS requirements for the reporting of account holder US TINs for the 2020 reporting year onwards.

July 2019

Two new validation rules are being added to the FATCA service. The updated code will be deployed to the EVTE environment, and published to the SBR website, on Thursday 18 July and to the production environment on Tuesday 30 July.

June 2019

Information about Reporting account holder United States taxpayer identification numbers (TINs), including due diligence actions where a TIN  is not held by a FATCA reporter, has been updated.

April 2019

Information about the Sponsor Global Intermediary Identification Number (GIIN) and Trustee Documented Trust (TDT) reporting has been updated.

ATO FATCA News and Updates Bulletins

Subscribe to the Digital service providers newsletter for the latest FATCA and other software-specific updates.

You can also receive an email alert from us, when we have new information for reporters about FATCA. To subscribe to our Bulletin email

IRS FATCA News and Information List

The IRS provides information on the latest news, guidance and other FATCA-related topics. You can subscribe to receive the IRS newsletter.

More information

For more information, refer to:

Internal Revenue Service (IRS) website

US Department of Treasury website

Australian Treasury website

Parliament of Australia website

Contact information

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