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

April 2019

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

March 2019

Information about reporting of ABNs has been updated.

September 2018

We have made an important update about Trustee documented trust reporting for FATCA.

ATO FATCA News and Updates Bulletin

You can receive an email alert from us, when we have new information about FATCA reporting. To subscribe to our Bulletin email ato-dmi@ato.gov.au

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

Email questions and feedback to DPO@ato.gov.au