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FATCA POC NOT RO Contacted by IRS

We have come to expect that the U.S. Internal Revenue Service (IRS) will send the FATCA Responsible Officer (RO) an email to alert the RO...

BVI FATCA/CRS Registration Fee Update

On February 11, 2022, the British Virgin Islands International Tax Authority (BVI ITA) announced it will be establishing a registration...

FATCA: When Is An Account Dormant?

In many jurisdictions such as the U.S., there are laws dictating when a financial institution must consider a customer’s financial...

IRS Unable to Enforce FATCA

Very surprising admission by the IRS Commissioner. Written Testimony of Charles P. Rettig, Commissioner Internal Revenue Service before...

IRS Adds New FAQ on FATCA Certifications

On March 23, 2022, the U.S. Internal Revenue Service (IRS) posted a new question and answer on its FATCA – FAQs General site: Q22. How do...

Bahamas Announces FATCA/CRS Portal Dates

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...

BVI Announces FATCA/CRS Registration Fees

On February 11, 2022, the British Virgin Islands International Tax Authority (BVI ITA) announced it will be establishing a registration...

Isle of Man Updates FATCA & CRS Guidance

The Isle of Man Income Tax Division published updated versions of FATCA and Common Reporting Standard (CRS) guidance notes. The updated...

Guernsey Self-Cert Reporting Extension

On January 27, 2022, Guernsey Revenue Service announced an extension for reporting the failure to obtain a valid self-certification. The...