Share with your friends



TaxNewsFlash-FATCA / IGA / CRS — KPMG's reports of developments concerning the Foreign Account Tax Compliance Act (FATCA)


Related content



To subscribe to TaxNewsFlash, fill out the subscription form


>> Return to the TaxNewsFlash U.S. homepage

>> Go to the TaxNewsFlash "global" homepage

July 2016

29 Jul - United States: Jurisdictions treated as if they have an IGA in effect

29 Jul - Mauritius: FATCA reporting deadline extended to 31 August

29 Jul - New Zealand: AEOI implementation update

26 Jul - Turks and Caicos Islands: FATCA agreement, entry into force

25 Jul - OECD: Report on AEOI, tax transparency project

20 Jul - Singapore: FATCA 2015 reporting reminder

20 Jul - United States: IRS reminder to update FATCA registration, contact information 

18 Jul - Finland: Public consultation on draft CRS, DAC2 guidance

18 Jul - Panama: Mutual administrative assistance in tax matters, OECD agreement signed

18 Jul - UAE: AEoI agreement, registration of financial institutions in “free zone” ADGM

15 Jul - Vietnam: IGA’s entry into force; MOU clarifies FATCA provisions

12 Jul - EU: Tax transparency agreement signed with Monaco

11 Jul - United States: FATCA IDES testing schedule

11 Jul - Luxembourg: United States removed from list of “participating
jurisdictions” for CRS purposes

11 Jul - OECD: Standardised format, common reporting standard (CRS) information feedback

8 Jul - Switzerland: Effect of AEoI on wealth management structures, involved stakeholders 

8 Jul - Switzerland: Foreign tax authorities seeking to obtain banking client data with “group requests” 

5 Jul - United States: IRS proposed qualified intermediary (QI) agreement

5 Jul - EU: New plan, actions to foster tax transparency

1 Jul - United States: New FATCA FAQ, "general compliance" area

1 Jul - Portugal: FATCA reporting deadline extended to 30 September

June 2016

30 Jun - South Africa: Final business requirements specification for FATCA, CRS

30 Jun - Hong Kong: Common reporting standard (CRS) bill gazetted; effective date set for 1 January 2017

28 Jun - British Virgin Islands: FATCA reporting deadline extended

28 Jun - New Zealand: Recommendations for foreign trusts, inbound investment, BEPS proposals

28 Jun - OECD: Offshore tax evasion convention signed by Dominican Republic, Nauru

27 Jun - Cyprus: FATCA reporting deadline extended to 15 July

24 Jun - Malta: FATCA reporting by trustees

22 Jun - India: Guidance for FATCA, CRS requirements 

22 Jun - Cayman Islands: CDOT, FATCA notification date extended to 10 August

16 Jun - Paraguay: Exchange of information for tax purposes

15 Jun - Cayman Islands: FATCA deadlines extended to 10 August, final extension

15 Jun - British Virgin Islands: FATCA reporting deadline extended to 17 June

15 Jun - India: FATCA and CRS guidance

15 Jun - Liechtenstein: FATCA reporting deadline is 31 July

15 Jun - Romania: FATCA reporting deadline extended to 31 August

15 Jun - UK: Automatic exchange of information, guidance for charities

15 Jun - Italy: FATCA reporting deadline is 15 June

14 Jun - Malta: CRS registration date, extended to 30 September

13 Jun - Brazil: Updated FATCA guidance

9 Jun - United States: IRS announces FATCA IDES testing begins 16 June

6 Jun - Brazil: Extended deadlines for FATCA compliance

6 Jun - Channel Islands: Additional IGA-related guidance issued by Jersey

6 Jun - United States: IRS provides new version of FATCA data exchange

1 Jun - United States: IRS to update FATCA IDES data preparation process, examples


28 Aug - United States: FATCA updated version ICMM; related error messages

27 Aug - United States: Updated FATCA FAQs on branch registration

27 Aug - India: FATCA reporting deadline extended to 10 September

26 Aug - Cayman Islands: FATCA portal closes 28 August 

21 Aug - Iceland: FATCA due diligence requirements

21 Aug - Italy: FATCA reporting guidance

20 Aug - United States: FATCA IGA signed with St. Vincent, Grenadines

18 Aug - Barbados: FATCA update; reporting deadline is 15 September

18 Aug - United States: Updated "more favorable terms" for FATCA Model 1 IGA

17 Aug - United States: Updated FAQs, other FATCA IDES guidance

11 Aug - United States: More favorable terms of FATCA Model 1 and Model 2 IGAs

10 Aug - India: FATCA implementation measures

10 Aug - OECD: CRS implementation handbook

7 Aug - United States: FATCA IGA signed with Portugal

7 Aug - Portugal: IGA signed with US

3 Aug - United States: New FATCA FAQs on registration updates



31 Jul - Portugal: FATCA reporting deadline extended to 30 November 

30 Jul - United States: FATCA IGA signed with Turkey

29 Jul - United States: Notification of “more favorable terms” under FATCA Model 1 IGA

28 Jul - United States: Updated FAQs on FATCA IDES transmission, security

24 Jul - Mauritius: FATCA reporting deadline extended to 31 August

22 Jul - Ireland: Updated FAQs for FATCA, CRS

20 Jul - United States: IRS memo on protection of FATCA IDES-provided data

16 Jul - United States: FATCA IGA signed with Philippines

14 Jul - BVI: FATCA reporting deadline, 31 July

14 Jul - United States: FATCA IGAs signed with India, Georgia

14 Jul - United States: Updated FATCA FAQs 

8 Jul - Brazil: FATCA-related filings due 15 August 2015

6 Jul - Cayman Islands: Guidance notes under FATCA intergovernmental agreements

6 Jul - Germany: Draft guidance for implementing FATCA

6 Jul - Mauritius: Reminder, initial FATCA report due 31 July



23 Jun - Ireland: FATCA reporting deadline extended to 31 July

19 Jun - Vietnam: FATCA guidance, extended reporting deadline

18 Jun - Cayman Islands: FATCA reporting deadline, 26 June

18 Jun - United States: FATCA IGA signed with UAE

17 Jun - Channel Islands: Jersey extends FATCA reporting deadline, if requested

16 Jun - Romania: FATCA intergovernmental agreement

12 Jun - Netherlands: Official translation of FATCA guidance

12 Jun - United States: FATCA IGA signed with Korea

12 Jun - Canada: “Global FATCA” agreement is signed

11 Jun - United States: FATCA IGA signed with Vatican

11 Jun - Malta: FATCA reporting deadline is again extended

11 Jun - Spain: Draft guidance for common reporting standard (CRS); FATCA

10 Jun - United States: Reminder of reporting requirements for foreign assets (FBAR and FATCA filings)

9 Jun - United States: FATCA FAQs on extensions of time to file Form 8966

9 Jun - United States: FATCA XML schema, IDES technical FAQs

9 Jun - South Africa: FATCA guide for financial institutions

5 Jun - BVI: FATCA deadlines extended

5 Jun - Luxembourg: FATCA reporting deadline is extended

4 Jun - OECD: Seven more countries agree to CRS on AEOI

3 Jun - France: Updates on FATCA reporting deadline, "nil" reporting

1 Jun - UAE: FATCA reporting deadllines are extended

1 Jun - Bahamas: FATCA guidance notes



29 May - United States: FATCA IGAs signed with Iceland, Romania

28 May - United States: FATCA IDES digital certificate product, IDES test reminder

28 May - United States: FATCA IGA signed with Colombia

28 May - Switzerland: Automatic exchange of information agreement with EU

26 May - United States: Production data transmitted to FATCA IDES production environment

26 May - Malaysia: FATCA reporting deadline is extended

26 May - Mexico: Deadline for filing amended FATCA returns extended

22 May - Germany: FATCA-reporting draft guidance

21 May - Cayman Islands: FATCA notification, reporting deadlines again extended

20 May - United States: FATCA IDES testing program

14 May - Belgium: FATCA guideliens; reporting by 30 June

12 May - Cayman Islands: Extended deadlines for FATCA notification, reporting

11 May - New Zealand: FATCA guidance on “recalcitrant accounts”

8 May - United States: New FATCA FAQs, new enrollment process under IDES

8 May - United Kingdom: FATCA implications for non-financial entities



29 Apr - United States: FATCA IGA signed with Kuwait

28 Apr - United States: FATCA refund claims by non-resident aliens, withholdings not deposited

21 Apr - United States: Metadata user guide for FATCA reporting

15 Apr - United States: FATCA IDES testing opportunity

14 Apr - United States: New FAQ on FATCA ICMM notifications

13 Apr - United States: FATCA IGA signed with Uzbekistan

9 Apr - United States: IRS publications on FATCA reports, notifications



27 Mar - United States: FATCA electronic filing of Form 1042-S for tax year 2014

24 Mar - United States: New FAQs on FATCA reporting

23 Mar - United States: FATCA IGA signed with Croatia

20 Mar - United States: FATCA IGA signed with Belarus

Prior Editions

Prior editions of TaxNewsFlash-FATCA (from 2014 and the first half of 2015) are listed below, and are searchable by key words.

For a copy of a prior edition, send an email to with (1) date and (2) title.  A copy will be sent to you as soon as possible.

© 2020 Copyright owned by one or more of the KPMG International entities. KPMG International entities provide no services to clients. All rights reserved.

KPMG refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. For more detail about our structure please visit

Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal