Share with your friends

Channel Islands: Additional information for FATCA, CRS reports (Guernsey)

Channel Islands: Additional information for FATCA, CRS

The Guernsey tax authority issued two bulletins with information about the FATCA and common reporting standard (CRS) regimes.


Related content

  • Bulletin 2019/2 states that “reporting financial institutions” must submit reports electronically using the IGOR system on or before 30 June 2019 with respect to information for reportable year 2018. However, because 30 June 2019 falls on a weekend, the reporting deadline will be the next business day (1 July 2019).
  • Bulletin 2019/3 clarifies the due diligence procedures to be applied while identifying undocumented accounts under the CRS regime, and the circumstances under which accounts can be treated as undocumented, as well as how such accounts are to be identified in the CRS schema.

Read a May 2019 report [PDF 59 KB] prepared by the KPMG member firm in Guernsey

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