The Foreign Account Tax Compliance Act (FATCA) is a new law introduced by the United States government to ensure the disclosure of assets and income of US persons held with foreign financial institutions. Intuitively, FATCA presents an opportunity for tax authorities in Nigeria to collect useful information from taxable persons in Nigeria to improve tax compliance.
Read my article on the subject published by the Guardian Newspaper yesterday.
Guardian article_online version
Download FATCA - Curbing Tax Evasion
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