REGCO / AEI/CRS, AML/KYC, FATCA, QI, REGCO, Swiss CDB, Tax Compliance /
We are happy to invite you to our REGCO Breakfast Event that will provide an update on the 2019 updated Swiss CRS guidance notes and the revision of the Swiss CDB20 and Swiss AML rules. Further we will also target some FATCA/QI documentation renewal topics. The breakfast event will take place on Wednesday May 22, […]
REGCO / FATCA, QI, Tax Compliance /
FATCA Certifications In the newly published FAQ #13 on FATCA certifications, the IRS confirmed that FATCA certifications for the certification period ending December 31, 2017 are generally due no later than December 15, 2018. This deadline applies to all Foreign Financial Institutions, irrespective of the calendar year, which they have selected for their certification. Furthermore, […]
REGCO / FATCA, Tax Compliance /
The IRS informed on July 19, 2018 that the online FATCA registration portal will be upgraded within the coming weeks. The ROs will be notified per e-mail once the upgrade is completed. The IRS is advising all FATCA registered entities to log in to the updated portal and update their FATCA classification. The update is […]
REGCO / FATCA, REGCO, Tax Compliance /
Designated Responsible Officers will soon have to certify their financial institution’s compliance with the requirements of the US Foreign Account Tax Compliance Act (FATCA) by submitting certifications to the Internal Revenue Service (IRS). The IRS has recently released further guidance on the certifications in form of draft certification questionnaires. At our next REGCO Breakfast Event […]
REGCO / FATCA, Tax Compliance /
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 […]
REGCO / FATCA, Tax Compliance /
Forbes contributor Robert Goulder speculating about a repeal of FATCA: «There’s one thing [Sen. Rand] Paul hates even worse than tax treaties and TIEAs, and that’s FATCA. His opposition to it runs so deep that he personally sued the government in federal court to nullify it. […] I keep waiting for the announcement that Paul […]