• FATCA: Transitional Relief: Soft Opening for FATCA:  2014 and 2015 Deemed a “Transition Period” and Other Limited Transitional Relief Under FATCA Announced
  • May 12, 2014
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • On May 2, 2014, the IRS and the Treasury Department issued Notice 2014-33 announcing that calendar years 2014 and 2015 will be regarded as a transition period for purposes of IRS enforcement and administration of FATCA. Notice 2014-33 also provides additional transitional relief under FATCA and the other U.S. withholding regimes.