Extension of Due Date for FATCA RO Certification / IRS Releases Draft FATCA Certification Questions

The IRS released further guidance regarding the FATCA responsible officer certification. In particular, the IRS clarified that the FATCA registration portal, which contains the FATCA certifications, will not be available prior to July 2018.

According to the IRS, FATCA responsible officers will have at least 3 months from deployment of the certifications on the FATCA registration portal to submit their certifications. As a result, the new certification due date is expected to be October 1st, 2018, provided that the registration portal will be open by July 1st, 2018.

The IRS has further published the draft certification questions for both FATCA certifications, i.e., for the Certification of Preexisting Accounts and for the Periodic Certification. These drafts can be found under https://www.irs.gov/businesses/corporations/draft-fatca-certifications.