About this Guide

This guidance is for Reporting New Zealand Financial Institutions (Reporting NZFIs) carrying out Foreign Account Tax Compliance Act (FATCA) due diligence and reporting under New Zealand’s FATCA Inter-Governmental Agreement (IGA) with the United States.

When to use this Guide

The guidance focuses on how Reporting NZFIs should report recalcitrant accounts for FATCA purposes; and assumes that the relevant financial account is not exempted or excluded under the IGA (for example, there is generally a U.S. dollar 50,000 threshold exclusion for individual depository accounts).

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