ANALYSIS
Assessing the Broad Impact of the
FACTA on Macedonian Companies
Authors: Maja Filipceva, Director and Sanja Risteska, Supervisor, Tax, Legal and Outsourcing, Grant
Thornton Consulting Skopje & Brandon Boyle, Manager Washington National Tax Office, Grant Thornton
LLC, United States
On 1 July 2014 the withholding provisions of the Foreign Account Tax Compliance Act (FATCA), a US federal law, took effect. Although a US law, FATCA has
had a substantial impact on companies outside the
United States including Macedonian companies. For
example:
• FATCA requires US companies that ar HXZ