FATCA/CRS News Flash

20 March EUROPE: MALTA - FATCA guidelines update

20 March EUROPE: MALTA - Updated guidelines on DAC2 and CRS

20 March ASIA PACIFIC: AUSTRALIA - Update to CRS

20 March ASIA PACIFIC: SINGAPORE - FATCA filing date is May 31

20 March ASIA PACIFIC: HONG KONG - CRS amendments

20 March ASIA PACIFIC: HONG KONG - Update to CRS amendments

20 March EUROPE: RUSSIA - Updates to CRS FAQs

20 March EUROPE: RUSSIA - Update of electronic reporting format

20 March EUROPE: UNITED KINGDOM - FATCA and CRS update

01 March EUROPE: CHANNEL ISLANDS - Updated FATCA and CRS reporting guidelines

01 March AMERICAS: BRITISH VIRGIN ISLANDS - Updated guidance for CRS

27 February EUROPE: INDIA - Updated FATCA and CRS excel template guidelines

27 February EUROPE: RUSSIA - Deadline of February 28 announced for foreign asset declaration

22 February EUROPE: PORTUGAL - Amended rules for FATCA and CRS

22 February EUROPE: INDIA - Updated user manuals for FATCA and CRS

22 February EUROPE: GERMANY - CRS guidance

22 February EUROPE: ITALY - CRS amendments

13 February EUROPE: FRANCE - Updated FATCA technical guidance

13 February EUROPE: FRANCE - Updated CRS technical guidance

13 February EUROPE: HUNGARY - Updated FATCA filing instructions

13 February EUROPE: HUNGARY - Updated AEOI (CRS) filing instructions

13 February ASIA PACIFIC: JAPAN - Updated FAQs on CRS

01 February EUROPE: SWITZERLAND - Updated CRS guidance

01 February EUROPE: GERMANY - CRS information brief for FIs and service providers

25 January WORLD NEWS: IRS - FATCA ACCURACY CAMPAIGN

16 January AMERICAS: BRITISH VIRGIN ISLANDS - Updated CRS rules

16 January AMERICAS: CANADA - Updated CRS tax residency declaration

16 January EUROPE: LIECHTENSTEIN - Updated CRS instructions

16 January EUROPE: SWITZERLAND - Updated FATCA guidance

16 January EUROPE: HUNGARY - Updated CRS legislation

16 January EUROPE: FINLAND - Updated FATCA and CRS technical guidance

16 January AMERICAS: BRAZIL - Further updates to CRS guidance

16 January ASIA PACIFIC: TAIWAN - CRS implementation

08 January EUROPE: MALTA - Updated CRS guidelines

08 January ASIA PACIFIC: AUSTRALIA - Updates to CRS and FATCA AEOI

08 January ASIA PACIFIC: JAPAN - Updated FAQs on CRS

03 December WORLD NEWS: IRS - FATCA certification deadline is Dec. 15th

22 November ASIA PACIFIC: SINGAPORE - Singapore has signed IGA Model 1 FATCA agreement with U.S.

21 November EUROPE: NETHERLANDS - 2019 FATCA reporting deadlines

14 November AMERICAS: BERMUDA - Updated CRS and CbC portal User Guide

07 November EUROPE: FRANCE - Update to CRS guidance and account holders

06 November AMERICAS: BRAZIL - Updated FATCA and CRS technical guidance

05 November ASIA SOUTH: INDIA - CRS listing of jurisdictions of ‘passive non-financial entities’

01 November ASIA PACIFIC: TAIWAN - Updated CRS information

31 October ASIA PACIFIC: HONG KONG – -Updates to CRS regulations

25 October ASIA PACIFIC: AUSTRALIA - Update on FATCA Reporting

24 October AMERICAS: BRITISH VIRGIN ISLANDS - Introduction of CbC reporting

19 October EUROPE: PORTUGAL - Update to CRS regulations

16 October EUROPE: GERMANY - Updated CRS self-certification guidelines

12 October ASIA PACIFIC: AUSTRALIA - CRS FAIL REPORT UPDATE

12 October EUROPE: RUSSIA - Update on CRS implementation

10 October ASIA PACIFIC: AUSTRALIA - FATCA UPDATED ‘SMALL REPORTER TOOL’

05 October AMERICAS: SAINT VINCENT AND THE GRENADINES - CRS deadline extended to Nov. 30, 2019

28 September WORLD NEWS: CbC REPORTING

21 September EUROPE: Money Laundering Scandals

11 September WORLD NEWS: FATCA - Lloyd Bank Executive Pleads Guilty

14 August EUROPE: AUSTRIA - New CRS deadline

08 August AMERICAS: CANADA - Updated CRS guidance

08 August AMERICAS: CANADA - Updated FATCA guidance

08 August EUROPE: GERMANY - FATCA update

03 July ASIA PACIFIC: TAIWAN - FAQs on CRS

03 July EUROPE: MALTA - Updated taxation and CRS guidelines

29 June EUROPE: GERMANY - FATCA due date is August 31st

29 June EUROPE: RUSSIA - CRS due July 17th

22 June EUROPE: LIECHTENSTEIN - FATCA AND CRS now due July 31st

21 June EUROPE: BELGIUM - CRS reporting deadline extended to July 17th

18 June EUROPE: SWITZERLAND - Updated CRS guidance

14 June EUROPE: MAURITIUS - FATCA filing deadline July 31

07 June WORLD NEWS: FATCA & CRS - THE EXPATS DILEMMA - Article 1, Article 2, Article 3, Article 4

05 June ASIA PACIFIC: NEW ZEALAND - Banks to close accounts missing data

31 Mai AMERICAS: ST. KITTS AND NEVIS - CRS reporting deadline extended to July 31

29 Mai AMERICAS: CAYMAN ISLANDS - May 31 deadline to file FATCA and CRS

25 Mai EUROPE: ISLE OF MAN - IRS has updated FATCA rules

25 Mai EUROPE: LIECHTENSTEIN - May 31 deadline extended to June 30 to file FATCA and CRS

20 Mai AMERICAS: SAINT LUCIA - CRS updated guidance

18 Mai EUROPE: CHANNEL ISLANDS - US IGA and CRS deadline is now June 30

18 Mai EUROPE: BELGIUM - Portal open to correct 2016 CRS reports

12 Mai ASIA SOUTH: INDIA - SEBI issues instructions for foreign investors in India

11 Mai EUROPE: ISLE OF MAN - FATCA INDUSTRY ADVISORY UPDATE

04 Mai ASIA PACIFIC: AUSTRALIA - Update to CRS reporting

25 April ASIA PACIFIC: SINGAPORE - Inland Tax Authority accepts CRS submissions

20 April AMERICAS: SAINT LUCIA - FATCA TAX guidelines

10 April ASIA PACIFIC: SINGAPORE - CRS and the Automatic Exchange of Information

09 April AMERICAS: CURACAO - Comply with FATCA in Curacao

05 April EUROPE: BELGIUM - Portal open to file FATCA

05 April WORLD NEWS: FATCA - COPA, Periodic certification deadlines and responsible officer requirements

04 April WORLD NEWS: COMPLIANCE COMPLEXITY - Country ratings of compliance complexity

29 March WORLD NEWS: IRS - New FATCA Notification Error Messages and Supporting Online User Documentation

28 March AMERICAS: CAYMAN ISLANDS - Cayman Islands AEOI Update for FATCA and CRS

27 March WORLD NEWS: Skipped FATCA Disclosures Can Be Criminal

26 March EUROPE: FRANCE - Audience with IRS sought by French

26 March AMERICAS: TURKS AND CAICOS - Penalties levied for not filing FATCA report

21 March ASIA PACIFIC: SINGAPORE - Updated IRAS CRS XML Schema User Guide; List of IRAS CRS File and Record Level Errors

20 March ASIA PACIFIC: AMERICAS: CAYMAN ISLANDS - Notice of Portal opening

20 March ASIA PACIFIC: JAPAN - Updated FAQs on FATCA

19 March ASIA PACIFIC: SINGAPORE - Reminder that Singapore has committed to implement CRS in 2018

19 March AMERICAS: UNITED STATES - IRS Releases Draft FATCA Compliance Certification Forms, Indicates July 1 Deadline May Be Extended By 90 Days

15 March AMERICAS:CAYMAN ISLANDS - AEOI Portal User Guide

15 March AMERICAS: CAYMAN ISLANDS - Updated FATCA and CRS Guidance Report

15 March AMERICAS: UNITED STATES - IRS adds new FATCA FAQS

14 March AMERICAS: IRS - ENDS VOLUNTARY DISCLOSURE PROGRAM: Failure to comply with FATCA can result in civil penalties, criminal penalties or both

13 March EUROPE: OECD - New rules require financial services companies to disclose client-based schemes that seek to avoid the Common Reporting Standard (CRS)

13 March AFRICA: SOUTH AFRICA - Do I need to pay tax on a foreign income

12 March AFRICA: NIGERIA - Prosecution of tax defaulters including modalities in CRS

12 March ASIA PACIFIC: AUSTRALIA - ATO issues warning on foreign income with the CRS as the single global standard for collection

08 March AMERICAS: BAHAMAS - Bahamas Tax Authority advises TIE Portal open July 17 for FATCA

06 March AFRICA: MOROCCO - Morocco signs onto FATCA with the US

06 March ASIA PACIFIC: SINGAPORE - Singapore to file FATCA reports from April 15 with May 31 deadline

06 March EUROPE: UNITED KINGDOM - Tougher penalties to be implemented for offshore tax evaders

05 March EUROPE: IRELAND - Amendments to Irish FATCA regulations 2, 12 and 13

01 March AMERICAS: BERMUDA - Updated Bermuda Tax Information Reporting Portal USER GUIDE

26 February ASIA PACIFIC: SINGAPORE - Register for CRS by March 15, 2018

26 February AMERICAS: USA - IRS releases updates to FATCA FAQs for “Certifications and Periodic Reviews”

24 February ASIA PACIFIC: INDONESIA & SINGAPORE - Both countries agree to AEOI with implementation of CRS regulations, privacy and protection

23 February EUROPE: FRANCE - Updated FATCA user guide for TIINs for NFFEs

22 February AMERICAS: IRS - QI/WP/WT Application and Account Management System Certification Opening Announcement

19 February AMERICAS: CANADA - CRA combats offshore tax evasion

19 February EUROPE: OECD - OECD releases a consultation paper seeking input on individuals circumventing CRS requirements

16 February EUROPE: IRELAND - Update to TIINs in filing FATCA

15 February EUROPE: UNITED KINGDOM - Update to guidance rules 6 and 8 in AEOI for FATCA, CRS and CDOTS

14 February ASIA PACIFIC: VIETNAM - Translation of guidance given by IRS on US TINs and dates of birth

13 February EUROPE: JORDAN - Arab Bank members assigned GIINs

08 February ASIA PACIFIC: JAPAN - Updated FAQs for CRS

08 February ASIA PACIFIC: HONG KONG - Inland Revenue made amendments to clauses 5 and 11 of Ordinance 2018 for FATCA filing

07 February ASIA SOUTH: INDIA - Increase in penalties proposed for delay in filing FATCA and CRS reports

07 February ASIA PACIFIC: COMPLIANCE ISSUES - Wealth management industry struggling with the challenges of client on-boarding, data management, storage and dissemination

06 February AMERICAS: BVI - Update to BVI Financial Reporting Standards; FATCA/CRS reporting deadline is May 31, 2018

05 February AFRICA: NIGERIA - Federal Government to implement stricter tax rules for implementation of CRS

05 February ASIA PACIFIC: SINGAPORE - New IRAS Public Key required to file FATCA to IRS

05 February EUROPE: IRELAND - Crackdown on offshore tax evasion

05 February EUROPE: ISRAEL - Israel Tax Authority in London to target concealed Israeli assets

01 February AMERICAS: CAYMAN ISLANDS - Department for International Tax Cooperation (DITC) updated participating jurisdictions for CRS

31 January EUROPE: MALTA - Update to FATCA AND CRS GUIDELINES

29 January EUROPE: HUNGARY – Update on FATCA technical issues

25 January EUROPE: LEICHTENSTEIN - Additional requirements for FATCA XML Report

22 January EUROPE: IRELAND - Updated CRS FAQs (FAQ 20 and Appendix 2)

18 January EUROPE: OECD - Releases public comments on new CRS tax rules

17 January ASIA PACIFIC: SINGAPORE - Penalties for Indians with assets in Singapore

16 January EUROPE: CHANNEL ISLANDS, GUERNSEY - Update on FATCA TIINs

15 January AMERICAS: PANAMA - Signs onto CRS

15 January ASIA SOUTH: INDIA - FATCA eases requirements

15 January ASIA SOUTH: INDIA - FATCA reporting of US TIINs for pre-existing accounts

09 January ASIA PACIFIC: AUSTRALIA - Updated Guidance on FATCA and CRS obligations

05 January ASIA PACIFIC: SINGAPORE - Updated FATCA FAQs on TIINS and FI Dates of Birth

02 January EUROPE: PORTUGAL - Updated CRS manual