United States: FATCA certification submissions extended to 15 December 2020 (COVID-19)
United States: FATCA certification submissions extended
The IRS today updated a list of “frequently asked questions” (FAQs) concerning FATCA and specifically adding an FAQ that extends the due date—to 15 December 2020—for an entity with a FATCA certification due date of 1 July 2020 to submit a FATCA certification. The extension of time is provided as a relief measure in response to the coronavirus (COVID-19) pandemic.
The newly added FAQ—added 29 April 2020 under the topic “FATCA Certifications”—is as follows:
Q21. Due to the COVID-19 virus, will an entity with a FATCA certification due date of July 1, 2020 be granted an automatic extension of time to submit the certification to the IRS?
Yes. In response to disruptions related to the COVID-19 virus, the IRS will grant an automatic extension of time to submit a FATCA certification for an entity with a certification due date of July 1, 2020. FATCA certifications that are due on July 1, 2020 will be extended to December 15, 2020, without the need to file an extension request with the IRS. The new due date will automatically show on the FATCA registration system.
Read the FAQs on the IRS website.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. 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 information contained 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.