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Tackling FATCA and International Tax Reporting

発行 Ovum, Ltd. 商品コード 271103
出版日 ページ情報 英文
納期: 即日から翌営業日
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FATCAと国際税務報告への取り組み Tackling FATCA and International Tax Reporting
出版日: 2013年04月23日 ページ情報: 英文




  • きっかけ
  • Ovum社の見解
  • キーメッセージ


  • FATCAは、米国および米国以外の金融機関の双方にとって重要なコンプライアンス上密接な影響がある
    • FATCAは、米国のクライアントとレポートの口座情報を識別するために、バイサイドおよび一部の保険会社を含む広範な金融機関に要求する
    • 金融機関は、条件が満たされない限り、米国源泉所得に30%の税金を源泉徴収する必要がある
  • 政府間協定はコンプライアンスの負担を和らげたが、主要な要件は残っている
    • 報告義務と範囲は明確化され、ローカライズされている
    • 外国金融機関(FFI)はクライアントによる米国市民権の自己認証にある程度だけ頼ることができる
  • 実施日程はずらされたが、締め切りは2013年の間に始まる
    • 折りよく外国金融機関(FFI)の登録は2013年7月から10月に行われる
    • アカウントの識別機能は2014年の始めから必要である
    • 源泉徴収の要件は2014年の初めから始まる
    • 報告義務は2015年から始まり2018年に強化される


  • 市民分類はオリジネーションと顧客確認(KYC)プロセスとを統合する必要がある
    • 新しい口座は、アプリケーションと顧客確認(KYC)プロセスの一環として市民権を含める必要がある
    • 将来、市民ステータスの要件は米国以外にも拡張されるかもしれない
    • 自己認証は顧客確認(KYC)や他のクライアントの情報源と調整する必要がある
    • 外国金融機関(FFI)は、電子およびもしかすると紙の記録について米国の証印を検索する必要がある
    • 市民権の確認にはかなりの連絡先管理操作機能を必要とする
    • 報告の閾値レベルはクライアントレベルで計算しなければならない
    • 口座の状態を変更する可能性のあるイベントは監視および検証する必要がある
  • 源泉徴収及び報告の要求をさらに支払い機能に組み込む必要がある
    • 支払検証はフィルタリングやリスト確認以上のものが必要である
    • 源泉徴収にはコンプライアンスと同様に税の専門知識が必要になる


  • 企業に対する提言
  • ベンダーに対する提言


  • 参考文献
  • 著者
  • Ovumコンサルティングについて
  • 免責事項
Product Code: IT003-000555



With final FATCA guidelines recently published by the Internal Revenue Service (IRS) and the US Treasury, institutions can start working toward achieving compliance. However, although final, the guidelines signal the start of a process of enabling international tax reporting, rather than a one-off requirement. This report looks at the operational implications of FATCA and considers how institutions can both look for synergies with existing compliance systems and processes, and prepare for long-term demands.


  • FATCA's key aim is to equip the IRS with a more complete view of the global income that US citizens receive, in order to reduce the ease with which they can evade tax on income derived outside the US. To enable this, it requires FFIs to identify US-owned accounts and report certain information to the IRS.
  • Deadlines occurring in 2013 mainly concern registration with the IRS. However, deadlines for implementing account identification mechanisms and tax withholding start at the beginning of 2014, meaning that institutions need to put necessary operational processes in place this year.
  • For FATCA implementation, institutions need to consider whether they should create standalone FATCA processes or incorporate its requirements into existing operational processes. For ongoing requirements, such as identification of citizenship for new accounts, institutions are likely to benefit from embedding FATCA requirements into existing origination and KYC processes.
  • Understand the key demands and deadlines of FATCA.

Features Benefits

  • Understand the role of existing "know your customer" (KYC) and anti-money laundering (AML) processes in the management of FATCA demands.
  • Understand the implications of intergoveremental agreements on FATCA compliance.

Questions Answers

  • What is the current FATCA implementation timetable?
  • Which operational areas does FATCA impact?
  • What are the key FATCA requirements?

Table of Contents



  • Catalyst
  • Ovum view
  • Key messages


  • FATCA has significant compliance implications for both US and non-US financial institutions
    • FATCA requires a broad range of financial institutions, including buy-side firms and some insurers, to identify US clients and report account information
    • Institutions need to withhold 30% tax on US-sourced income unless conditions are met
  • Intergovernmental agreements have tempered the compliance burden, but key requirements remain
    • Reporting obligations and scope have been clarified and localized
    • FFIs can rely on self-certification of US citizenship by clients, but only to an extent
  • The implementation timetable has been staggered, but deadlines start during 2013
    • Timely FFI registration takes place from July to October 2013
    • Account identification mechanisms need to be in place from the start of 2014
    • Tax withholding requirements start from beginning of 2014
    • Reporting requirements start from 2015 and will intensify to 2018


  • Citizenship categorization needs to integrate with origination and KYC processes
    • New accounts must include citizenship as part of application and KYC processes
    • Citizenship status requirements may extend beyond the US in the future
    • Self-certification needs to be reconciled with KYC and other client information sources
    • FFIs need to search for relevant US indicia across electronic and, potentially, paper records
    • Citizenship verification will require a significant contact management operation function
    • Threshold reporting levels must be calculated at a client level
    • Events that might change account status need to be monitored and validated
  • Payment functions need to incorporate additional tax withholding and reporting demands
    • Payment validation requires more than just filtering and list checking
    • Tax withholding will require tax as well as compliance expertise


  • Recommendations for enterprises
    • Institutions should expect further international tax reporting requirements
    • International tax reporting will likely continue to evolve, so adaptability is critical
  • Recommendations for vendors
    • Vendors need to demonstrate long-term commitment to FATCA


  • Further reading
  • Author
  • Ovum Consulting
  • Disclaimer


  • Figure 1: Key FATCA timelines
  • Figure 2: Summary of key FATCA requirements
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