Russia Joins the FATCA Group – On the Last Day? Complete List of Countries to Date (Very Few Notable Absences)
According to The Moscow Times, Putin Signs Last-Minute Law to Satisfy FATCA
With China and Russia as prior major holdouts, the recent news from both countries probably assures the long-term success of FATCA.
There are very few notable “hold-outs” on FATCA IGAs. The following list reflects those countries of note (from my perspective) who have not signed or “reached an agreement in substance”:
Kenya
Nigeria
Egypt
Pakistan
Bahrain
Philippines
Malaysia
Guatemala
Uruguay
El Salvador
Nicaragua
Ecuador
Argentina
Venezuela
Lots of other countries with less commercial and financial ties to the U.S., did not – including – countries such as Kazakhstan, Uzbekistan and Cambodia.
There are currently 90 countries identified by the U.S. Treasury as having an IGA or “reaching an agreement in substance” as follows (note there are fewer signed IGAs than unsigned):
Countries that have signed agreements:
Model 1 IGA
1) Australia (4-28-2014)
2) Belgium (4-23-2014)
3) Canada (2-5-2014)
4) Cayman Islands (11-29-2013)
5) Costa Rica (11-26-2013)
6) Denmark (11-19-2012)
7) Estonia (4-11-2014)
8) Finland (3-5-2014)
9) France (11-14-2013)
10) Germany (5-31-2013)
11) Gibraltar (5-8-2014)
12) Guernsey (12-13-2013)
13) Hungary (2-4-2014)
14) Honduras (3-31-2014)
15) Ireland (1-23-2013)
16) Isle of Man (12-13-2013)
17) Italy (1-10-2014)
18) Jamaica (5-1-2014)
19) Jersey (12-13-2013)
20) Latvia (6-27-2014)
21) Liechtenstein (5-19-2014)
22) Luxembourg (3-28-2014)
23) Malta (12-16-2013)
24) Mauritius (12-27-2013)
25) Mexico (4-9-2014)
26) Netherlands (12-18-2013)
27) New Zealand (6-12-2014)
28) Norway (4-15-2013)
29) South Africa (6-9-2014)
30) Spain (5-14-2013)
31) Slovenia (6-2-2014)
32) United Kingdom (9-12-2012)
Model 2 IGA (signed agreements)
33) Austria (4-29-2014)
34) Bermuda (12-19-2013)
35) Chile (3-5-2014)
36) Japan (6-11-2013)
37) Switzerland (2-14-2013)
And those countries which are deemed to have “reached agreement in substance” –
Model 1 IGA
38) Algeria (6-30-2014)
39) Antigua and Barbuda (6-3-2014)
40) Azerbaijan (5-16-2014)
41) Bahamas (4-17-2014)
42) Barbados (5-27-2014)
43) Belarus (6-6-2014)
44) Brazil (4-2-2014)
45) British Virgin Islands (4-2-2014)
46) Bulgaria (4-23-2014)
47) China (6-26-2014)
48) Colombia (4-23-2014)
49) Croatia (4-2-2014)
50) Curaçao (4-30-2014)
51) Czech Republic (4-2-2014)
52) Cyprus (4-22-2014)
53) Dominica (6-19-2014)
54) Dominican Republic (6-30-2014)
55) Georgia (6-12-201)
56) Greenland (6-29-2014)
57) Grenada (6-16-2014)
58) Guyana (6-24-2014)
59) India (4-11-2014)
60) Indonesia (5-4-2014)
61) Israel (4-28-2014)
62) Kosovo (4-2-2014)
63) Kuwait (5-1-2014)
64) Lithuania (4-2-2014)
65) Panama (5-1-2014)
66) Peru (5-1-2014)
67) Poland (4-2-2014)
68) Portugal (4-2-2014)
69) Qatar (4-2-2014)
70) Romania (4-2-2014)
71) St. Kitts and Nevis (6-4-2014)
72) St. Lucia (6-12-2014)
73) St. Vincent and the Grenadines (6-2-2014)
74) Saudi Arabia (6-24-2014)
75) Seychelles (5-28-2014)
76) Singapore (5-5-2014)
77) Slovak Republic (4-11-2014)
78) South Korea (4-2-2014)
79) Sweden (4-24-2014)
80) Thailand (6-24-2014)
81) Turkey (6-3-2014)
82) Turkmenistan (6-3-2014)
83) Turks and Caicos Islands (5-12-2014)
84) Ukraine (6-26-2014)
85) United Arab Emirates (5-21-2014)
Model 2 IGA
86) Armenia (5-8-2014)
87) Hong Kong (5-9-2014)
88) Moldova (6-30-2014)
89) Paraguay (6-6-2014)
90) Taiwan (6-23-2014)*