Common Contracts
1 similar Competent Authority Arrangement contracts
COMPETENT AUTHORITY ARRANGEMENTCompetent Authority Arrangement • April 19th, 2016
On July 13, 2015, the Government of the United States of America and the Government of the Republic of the Philippines signed an intergovernmental agreement (“IGA”) entitled, “Agreement between the Government of the United States of America and the Government of the Republic of the Philippines to Improve International Tax Compliance and to Implement FATCA.” The IGA requires, in particular, the exchange of certain information with respect to U.S. and Philippine Reportable Accounts on an automatic basis, pursuant to the provisions of Article 26 of the Convention between the Government of the United States of America and the Government of the Republic of the Philippines with Respect to Taxes on Income, done at Manila on October 1, 1976 (the “Convention”).
