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.

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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.

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