US Treasury has announced on its website that FATCA intergovernmental agreements (IGAs) have entered into force with the UAE, Portugal, Croatia, Montserrat and that IGAs were signed with Anguilla and Greenland, reports MNE Tax.
The January 30 announcements relate that a Model 1 FATCA IGA and understanding with United Arab Emirates entered into force as of February 19, 2016; a Model 1 FATCA IGA with Portugal entered into force as of August 10, 2016; a Model 1 FATCA IGA and related agreement with Croatia entered into force as of December 27, 2016; and a Model 1 FATCA IGA with Montserrat entered into force as of October 28, 2016.
The agreements signed with Anguilla and Greenland were also Model 1 IGAs. The US had previously had agreements in substance with both countries.
All the countries except for Montserrat have been treated as if they have had a FATCA IGA in effect in the US since June 30, 2014. Montserrat has been treated as if it had a FATCA agreement in effect with the US since November 20, 2014.