Does your family trust need to comply with FATCA obligations?
The Financial Account Tax Compliance Act (“FATCA
”) is an American Legislation to prevent tax avoidance by US citizens. In some situations, ordinary New Zealand family trusts may be treated as financial institutions (“FFIs”) and required to comply, even though they have no US person or US assets connected to the trust.
Tell me more about FATCA
Sentrust Trustee Services Ltd has developed an online questionnaire to allow you to obtain guidance at no cost.
If your trust does need to comply, it may be able to utilise one of our cost effective compliance solutions.