Spectator on facebook

Spectator on facebook

FACTA agreement signed

REPRESENTATIVES of the US and Slovakia signed the Foreign Account Tax Compliance Act (FACTA) on July 31 in Bratislava. 

Tax returns, illustrative stock photo(Source: Sme)

Based on this agreement, the countries will exchange information for tax purposes, the SITA newswire reported.

“The objective of the agreement is to prevent tax evasion and tax frauds and improvement of tax collection,” the Slovak Finance Ministry informed.

Rudolf Perina, US Chargé d'Affaires signed the agreement on behalf of the US and Ivan Lesay, the state secretary of the Finance Ministry signed the agreement on behalf of Slovakia.

Now the agreement will go to the Slovak parliament for approval and ratification.

FATCA is intended to ensure that the US obtains information on accounts held abroad at foreign financial institutions (FFIs) by US citizens.

Top stories

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)

Slovakia lures tourists

The country is attractive for visitors as a friendly and safe country with plenty of tourist draws .

Slovak mountains are attractive the year round.

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project