PwC Nigeria is one of the leading professional services ?rms in Nigeria with of?ces in Lagos, Abuja and Port Harcourt, with over 1,000 staff and 31 resident partners. We are committed to serving as a force for integrity, good sense and wise solutions to the problems facing businesses and the capital markets. We are guided by one promise – to do what is right, be it with our people, clients, community, or environment.
FATCA is a new law introduced by the United States to ensure the disclosure of assets and income of US persons held with foreign financial institutions.
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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
