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Agreement Type

Model 1

Model 2

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FATCA Countries 2024

FATCA stands for Foreign Account Taxation Compliance Act. FATCA is a controversial information-sharing agreement, created via a 2010 US federal law, between the United States and more than 100 countries. The stated goal of FATCA was to identify non-US financial accounts opened by US citizens or businesses for the purpose of avoiding US taxes—for instance, in tax havens, tax-free countries, or countries with lower corporate tax rates—which would enable the IRS to then collect the taxes owed.

However, FATCA can also create financial complications for US citizens living abroad. For instance, some foreign banks simply refuse to issue accounts to US citizens so as to avoid any FATCA entanglements. Additionally, both the implementation and the legality of the agreement have been called into question.

What Is the Difference Between a FATCA Model 1 Country and a Model 2 Country?

In general, the countries that are included in FATCA have entered into either a Model 1 or Model 2 agreement. In a Model 1 country, financial data about United States citizens is collected by the partner country's various financial institutions and sent to that country's governmental tax authority. That authority then passes the information on to the US IRS, which uses it to ensure the person is paying the amount of tax they legally owe. A total of 94 countries fall under the Model 1 agreement.

In a Model 2 country, the partner government's tax authority is removed from the transfer chain and information is passed directly from the country's financial institutions to the US IRS. 14 countries have entered into a Model 2 agreement. Both models also include variants in which the US would reciprocate by providing similar information about any of the partner country's citizens residing in the US.

  • Consistent with the Taiwan Relations Act, the parties to the agreement are the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States.

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Agreement Status
Agreement Type
In-Force Date
Functional In-Effect Date
AlgeriaIn ForceModel 101-18-201706-30-2014
AngolaIn ForceModel 110-02-201711-30-2014
AnguillaIn ForceModel 106-22-201706-30-2014
Antigua and BarbudaIn ForceModel 106-07-201706-30-2014
ArgentinaIn ForceModel 101-01-202301-01-2023
ArmeniaIn ForceModel 207-07-201906-30-2014
AustraliaIn ForceModel 106-30-201406-30-2014
AustriaIn ForceModel 212-09-201406-30-2014
AzerbaijanIn ForceModel 111-05-201506-30-2014
BahamasIn ForceModel 109-17-201506-30-2014
BahrainIn ForceModel 103-05-201806-30-2014
BarbadosIn ForceModel 109-25-201506-30-2014
BelarusIn ForceModel 107-29-201506-30-2014
BelgiumIn ForceModel 112-23-201606-30-2014
BermudaIn ForceModel 208-19-201406-30-2014
BrazilIn ForceModel 106-26-201506-30-2014
British Virgin IslandsIn ForceModel 107-13-201506-30-2014
BulgariaIn ForceModel 106-30-201506-30-2014
CambodiaIn ForceModel 112-23-201611-30-2014
CanadaIn ForceModel 106-27-201406-30-2014
Cape VerdeSignedModel 103-30-2021
Cayman IslandsIn ForceModel 107-01-201406-30-2014
ChileSignedModel 206-30-2014
ChinaAgreement in SubstanceModel 106-30-2014
ColombiaIn ForceModel 108-07-201506-30-2014
Costa RicaIn ForceModel 107-08-201906-30-2014
CroatiaIn ForceModel 112-27-201606-30-2014
CuracaoIn ForceModel 108-03-201606-30-2014
CyprusIn ForceModel 109-21-201506-30-2014
Czech RepublicIn ForceModel 112-18-201406-30-2014
DenmarkIn ForceModel 109-30-201506-30-2014
DominicaIn ForceModel 108-12-201906-30-2014
Dominican RepublicIn ForceModel 107-17-201906-30-2014
EstoniaIn ForceModel 107-09-201406-30-2014
FinlandIn ForceModel 102-20-201506-30-2014
FranceIn ForceModel 110-14-201406-30-2014
GeorgiaIn ForceModel 109-18-201506-30-2014
GermanyIn ForceModel 112-11-201306-30-2014
GibraltarIn ForceModel 109-17-201506-30-2014
GreeceIn ForceModel 112-13-201711-30-2014
GreenlandIn ForceModel 111-30-201806-30-2014
GrenadaIn ForceModel 104-06-201806-30-2014
GuernseyIn ForceModel 108-26-201506-30-2014
GuyanaIn ForceModel 109-29-201706-30-2014
HaitiAgreement in SubstanceModel 106-30-2014
HondurasIn ForceModel 102-19-201506-30-2014
Hong KongIn ForceModel 207-06-201606-30-2014
HungaryIn ForceModel 107-16-201406-30-2014
IcelandIn ForceModel 109-22-201511-30-2014
IndiaIn ForceModel 108-31-201506-30-2014
IndonesiaAgreement in SubstanceModel 106-30-2014
IraqAgreement in SubstanceModel 206-30-2014
IrelandIn ForceModel 104-02-201406-30-2014
Isle of ManIn ForceModel 108-26-201506-30-2014
IsraelIn ForceModel 108-29-201606-30-2014
ItalyIn ForceModel 108-17-201506-30-2014
JamaicaIn ForceModel 109-24-201506-30-2014
JapanIn ForceModel 206-11-201306-30-2014
JerseyIn ForceModel 110-28-201506-30-2014
KazakhstanIn ForceModel 104-05-202211-30-2014
KuwaitIn ForceModel 101-28-201606-30-2014
LatviaIn ForceModel 112-15-201406-30-2014
LiechtensteinIn ForceModel 101-22-201506-30-2014
LithuaniaIn ForceModel 110-07-201406-30-2014
LuxembourgIn ForceModel 107-29-201506-30-2014
MacauIn ForceModel 207-30-202111-30-2014
MalaysiaAgreement in SubstanceModel 106-30-2014
MaltaIn ForceModel 106-26-201406-30-2014
MauritiusIn ForceModel 108-29-201406-30-2014
MexicoIn ForceModel 104-10-201406-30-2014
MoldovaIn ForceModel 201-21-201606-30-2014
MontenegroIn ForceModel 103-28-201806-30-2014
MontserratIn ForceModel 110-28-201611-30-2014
NetherlandsIn ForceModel 104-09-201506-30-2014
New ZealandIn ForceModel 107-03-201406-30-2014
NicaraguaAgreement in SubstanceModel 206-30-2014
NorwayIn ForceModel 101-27-201406-30-2014
PanamaIn ForceModel 110-25-201606-30-2014
ParaguayAgreement in SubstanceModel 206-30-2014
PeruAgreement in SubstanceModel 106-30-2014
PhilippinesSignedModel 111-30-2014
PolandIn ForceModel 107-01-201506-30-2014
PortugalIn ForceModel 108-10-201606-30-2014
QatarIn ForceModel 106-23-201506-30-2014
RomaniaIn ForceModel 111-03-201506-30-2014
Saint Kitts and NevisIn ForceModel 104-28-201606-30-2014
Saint LuciaIn ForceModel 109-01-201606-30-2014
Saint Vincent and the GrenadinesIn ForceModel 105-13-201606-30-2014
San MarinoIn ForceModel 208-30-201606-30-2014
Saudi ArabiaIn ForceModel 102-28-201706-30-2014
SerbiaIn ForceModel 101-08-202006-30-2014
SeychellesSignedModel 106-30-2014
SingaporeIn ForceModel 103-28-201506-30-2014
SlovakiaIn ForceModel 111-09-201506-30-2014
SloveniaIn ForceModel 107-01-201406-30-2014
South AfricaIn ForceModel 110-28-201406-30-2014
South KoreaIn ForceModel 109-08-201606-30-2014
SpainIn ForceModel 112-09-201306-30-2014
SwedenIn ForceModel 103-01-201506-30-2014
SwitzerlandIn ForceModel 206-02-201406-30-2014
TaiwanSignedModel 206-30-2014
ThailandSignedModel 106-30-2014
Trinidad and TobagoIn ForceModel 109-22-201711-30-2014
TunisiaIn ForceModel 109-09-201911-30-2014
TurkeyIn ForceModel 106-14-202106-30-2014
TurkmenistanIn ForceModel 111-06-201706-30-2014
Turks and Caicos IslandsIn ForceModel 107-25-201606-30-2014
UkraineIn ForceModel 111-18-201906-30-2014
United Arab EmiratesIn ForceModel 102-19-201606-30-2014
United KingdomIn ForceModel 108-11-201406-30-2014
UzbekistanIn ForceModel 107-07-201706-30-2014
VietnamIn ForceModel 107-07-201607-07-2016
showing: 112 rows

Which countries are FATCA compliant?

There are a total of 98 countries that have elected to use a Model 1 FATCHA agreement and an additional 14 have chosen a Model 2 agreement. The UK, Spain, Costa Rica, France, and the Netherlands are all examples of countries with this agreement in place.

Frequently Asked Questions