FATCA
乐鱼（Leyu）体育官网 Authorized to provide FATCA
The Kuwait Ministry of Finance issued Ministerial Order No. (68) Of 2016 announcing that 乐鱼（Leyu）体育官网 Al-Qenae & Partners are authorized to provide Foreign Account Tax Compliance Services (FATCA). FATCA is a US legislation which requires the Foreign Financial Institutions (FFI鈥檚) to identify and report US persons to whom the law applies to the US Internal Revenue Service (IRS). Kuwait has signed an Inter-Governmental Agreement (IGA) agreement with US with reference to FATCA compliance. In addition to FATCA, Kuwait also signed a Common Reporting Standard (CRS) Multilateral competent Authority Agreement which requires all parties鈥� signatories to this agreement to automatically exchange financial account information with each other. This agreement has been signed by over 80 countries till now. Kuwait would require the local Financial Institutions to start reporting under the CRS regime mid-2018. 乐鱼（Leyu）体育官网 in Kuwait is able and authorized by the Kuwait Ministry of Finance to support your business with FATCA compliance where applicable. In addition, 乐鱼（Leyu）体育官网 in Kuwait can also support your business in understanding the impact of CRS on your company and provide solution and compliance.
漏 2025 乐鱼（Leyu）体育官网 Safi Al-Mutawa and Partners, a Kuwait partnership and a member firm of the 乐鱼（Leyu）体育官网 network of independent member firms affiliated with 乐鱼（Leyu）体育官网 International Cooperative (鈥溊钟悖↙eyu）体育官网 International鈥�), a Swiss entity. All rights reserved.