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Legal Update

It’s Always a Day Away: The IRS Postpones FATCA Withholding

15 July 2013
Mayer Brown Legal Update
On July 12, 2013, the Internal Revenue Service (IRS) announced it was delaying by six months certain deadlines for US financial institutions and foreign banks to comply with the due diligence requirements imposed by the Foreign Account Tax Compliance Act (FATCA). The announcement should provide some relief to companies that have been wrestling with the old FATCA deadline of January 1, 2014. This Legal Update discusses the new timetable for FATCA due diligence and the other changes announced by the IRS.


  • Mark H. Leeds
    T +1 212 506 2499
  • Jared B. Goldberger
    T +1 212 506 2421

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  • Jonathan A. Sambur
    T +1 202 263 3256
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