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FATCA - reporting fiverr sellers earnings?


djmilanxxx

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FATCA - Foreign Account Tax Compliance Act

https://en.wikipedia.org/wiki/FATCA



Could someone from fiverr let me know if I’m a seller on fiverr from Bulgaria would fiverr report my earnings to US Treasury (which would then report to my home country) because of the FATCA?

Or is there a known date or estimate when this reporting will start?



“The United States has indicated that it will be undertaking automatic information exchanges pursuant to FATCA from 2015 and has entered into intergovernmental agreements (IGAs) with other jurisdictions to do so. The Model 1A IGAs entered into by the United States acknowledge the need for the United States to achieve equivalent levels of reciprocal automatic information exchange with partner jurisdictions. They also include a political commitment to pursue the adoption of regulations and to advocate and support relevant legislation to achieve such equivalent levels of reciprocal automatic exchange.”


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