In a Rev Proc 2016-56,2016-51 IRB, the IRS has updated two lists of countries with which the U.S. has in effect an agreement that requires payors to report certain deposit interest paid to nonresident alien individuals who are residents of the other country under Reg. § 1.6049-8(a) and Reg. § 1.6049-4(b)(5).
One list is of countries with which the U.S. has in effect an income tax or other treaty or a bilateral agreement and the other is of countries with which IRS has determined that an automatic exchange of information is appropriate.
The following are the countries with which the United States has in effect an income tax or other convention or bilateral agreement relating to the exchange of tax information within the meaning of section 6103(k)(4) pursuant to which the United States agrees to provide, as well as receive, information and under which the competent authority is the Secretary of the Treasury or his delegate:
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Antigua & Barbuda
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Aruba
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Australia
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Austria
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Azerbaijan
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Bangladesh
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Barbados
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Belgium
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Bermuda
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Brazil
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British Virgin Islands
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Bulgaria
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Canada
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Cayman Islands
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China
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Colombia
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Costa Rica
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Croatia
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Curacao
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Cyprus
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Czech Republic
- Denmark
- Dominica
- Dominican Republic
- Egypt
- Estonia
- Finland
- France
- Germany
- Gibraltar
- Greece
- Grenada
- Guernsey
- Guyana
- Honduras
- Hong Kong
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
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Jamaica
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Jersey
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Korea, Republic of
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Latvia
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Liechtenstein
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Lithuania
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Luxembourg
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Malta
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Mauritius
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Mexico
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Netherlands
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New Zealand
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Norway
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Poland
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Saint Lucia
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Slovak Republic
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Slovenia
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South Africa
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Spain
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Sweden
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United Kingdom
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