Must-read, if you are FATCA Responsible Officer
The IRS have on 16 March issued the draft RO certifications, which are publicly available on the IRS Website . The deadline is three months from the original deadline 1 July 2018.
The IRS have on 16 March issued the draft RO certifications, which are publicly available on the IRS Website . The deadline is three months from the original deadline 1 July 2018.
The draft FATCA Certifications have been initially published as downloadable PDFs but will be made available as online submissions on the FATCA portal at a later date. There are 17 different certifications. The ROs will have to choose the right document depending on whether they are making a Periodic Certification or Certification of Preexisting Accounts and the type of reporting entity (Sponsored FFI, Sponsored Direct Reporting NFFE, Reporting Model 2 FFI etc.) they are certifying for. That means that the Responsible Officer will in certain situations be required to make multiple RO Certifications to IRS.
The deadline for RO Certification has been extended for an additional three months as the update to the FATCA Registration Portal containing FATCA certifications will not be available prior to July 2018, according to the IRS.
For more information about FATCA or if you have questions please contact directly. Alternatively, please take a look at our FATCA reporting services to see how we can help you.
