Qaren.qa - Qatar’s financial comparator - Glossary - Inter-Governmental Agreement (IGA)

Glossary - Inter-Governmental Agreement (IGA)

An IGA is an agreement between the US and specific countries to build FATCA compliance into the country’s legal framework so that the country can implement FATCA.


An IGA will require financial institutions to provide the information on US accounts which they hold either:


- directly to the IRS


- or to the local tax authority of the resident country.