Guyana’s decision to comply with the US Foreign Account Tax Compliance Act (FATCA) in July of last year is currently awaiting the signing of an inter-governmental agreement for formal implementation.
Minister of Finance Dr Ashni Singh told Stabroek News that Guyana and the United States Government have reached an understanding on the technical agreement and that the signing will be a formality. He said that there were two categories of compliance, but that since both Guyana and the US had agreed Guyana was placed on the list of compliant countries.
FATCA was enacted by the US in March 2010 as a mechanism designed to reduce the level of
