FATCA agreement ratified

UniCredit Bulbank AD
Mon, 03/08/2015

In June the Bulgarian Parliament ratified the Model 1 Intergovernmental Agreement on the implementation of the Foreign Account Tax Compliance Act.
                                                                                                                                                                                                                                                                              
This agreement will enable intergovernmental exchange of information and thus contribute to enhancing international banking and tax transparency and improving measures against tax evasion.

The Intergovernmental Agreement was signed on 5 December 2014 by the Bulgarian Minister of Finance and the US Ambassador to Bulgaria and was approved in February 2015 by the Council of Ministers and proposed for ratification by the National Assembly.

Contact:
Kristina Spasova
Relationship Manger
Global Securities Services Bulgaria
kristina.spasova@unicreditgroup.bg