U.S.A.: IRS updates user guide for FATCA online registration
The U.S. Internal Revenue Service (IRS) has announced on 6 June 2017 that the FATCA FFI Registration system has been updated to include the ability for foreign financial institutions (FFIs) to renew their agreement with the IRS.
Entities that are required to renew their FFI agreement and fail to do so by 31 July 2017 will be treated as having terminated their FFI agreement as of 1 January 2017, and may be removed from the FFI List. A list of entities required to renew their FFI agreement is available via the IRS FI portal.
We continue to monitor the situation and will provide further information as it becomes available.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice. |