The Centre for Risk, Compliance & Governance Studies
Login Register

Glossary term

Active NFFE

An active NFFE is a non-financial foreign entity whose passive income and assets each constitute less than 50% of its totals, or that meets specific operational tests (e.g., active trade). Active NFFEs are generally exempt from FATCA reporting and withholding obligations, reducing administrative burdens for bona fide businesses.

All terms beginning with A

Browse the glossary