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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.

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  • 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

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