International Tax/EOI

FATCA - FFI
Foreign Financial Institution (FFI) Key Terms.

FATCA
The Competent Authority for Grenada for FATCA purposes is the Inland Revenue Division.

CRS
CRS is a global reporting standard for the automatic exchange of information (AEOI) set forth by the Organization for Economic Cooperation and Development (OECD).

FATCA - IGA
In order to facilitate the transmittal of information from FFIs to the IRS, the U.S. Treasury Department has issued several model Inter-Governmental Agreements (“IGAs”).