United States: Potential FATCA impacts of changes to Hungary and Chile treaty statuses

How changes to income tax treaties could have substantial FATCA impacts on residents as well as the counterparties they deal with.

January 17, 2024

FATCA intergovernmental agreements (IGAs) between the United States and foreign jurisdictions are typically premised on the automatic exchange of information called for in the income tax treaties between the countries, and accordingly changes to the status of an income treaty can impact the status of the corresponding IGA. The income tax treaty between the United States and Hungary was recently terminated, while the income tax treaty between the United States and Chile recently entered into force.

Read a January 2024 report [PDF 152 KB] prepared by KPMG LLP that discusses how these changes could have substantial FATCA impacts on residents of these countries as well as the counterparties they deal with.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP\'s . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline