Doha Hosts FATCA US Tax Legislation Symposium

Doha, January 09 (QNA) - Doha hosts Monday a symposium on the impacts of the USA s Foreign Account Tax Compliance Act (FATCA) legislation in the regional financial markets. The one-day event targets CFOs, heads of companies and other interested senior individuals from the financial industry in the GCC and other countries Governor of Qatar Central Bank (QCB), HE Sheikh Abdullah bin Saud Al Thani, who is also Chairman of Qatar Financial Centre (QFC) Regulatory Authority and the Board of Directors of Qatar Financial Markets Authority (QFMA). The one-day event will discuss a number of themes including: Foreign Account Tax Compliance Act (FATCA): Overview; International Governments' Responses; and what financial institutions should do to get ready for FATCA? Representatives from U.S. Treasury will address the purpose and scope of FATCA, the implementation timetable, the model of international agreements, and an assessment of international responses to the new law. The International Governments' Responses panel discussion comprises treasury and tax officials from US, Europe and the GCC. Discussion, who will focus on managing the implementation of FATCA and progress on Intergovernmental Agreements (IGAs) to be entered into by the U.S. with other Governments to facilitate compliance with FATCA. (QNA)