The activities in this pathway provide you with an overview of the Foreign Account Tax Compliance Act 2010 (FATCA). Specifically, you will explore what it is, who the legislation applies to and how they are classified, the key terminology used, and the penalties for non-compliance.
This course is suitable for all audiences.
When you've completed all of the activities in this pathway, you should be able to:
- Understand the basic principles of FATCA.
- Recognise situations where failure to comply with FATCA may arise.
- Know which penalties may be applied for lack of compliance.</p><p>
- Be familiar with the various abbreviations used within FATCA and explain their relevance.
