Tag: USA

  • What is FATCA and How does it affect India?

    What is FATCA ? Foreign Account Tax Compliance Act (FATCA) was enacted by the US in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act to combat tax evasion by US nationals holding investments in foreign accounts. FATCA requires all Foreign Financial Institutions (FFIs) to provide information about their US customers.