Belgium’s federal finance service noted that requests for corrections, from the U.S. tax authority (IRS) with respect to submitted FATCA files, have been sent to certain financial institutions.
Financial institutions that have received such a request for correction must submit the completed / corrected FATCA reports within a period of one month plus three business days.
Financial institutions that have not received a request for correction or completion can send a “spontaneous correction” (FATCA4-Amend) or a “spontaneous cancellation” (FATCA3 -Void) for income years 2016, 2017, and 2018.
Read a December 2019 report [PDF 77 KB] prepared by the KPMG member firm in Belgium
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