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France: FATCA, CRS reporting deadlines extended to 15 October 2020 (COVID-19)

France: FATCA, CRS reporting deadlines extended

The tax authorities in France issued an updated version (v4.1) of FATCA technical guidance and an updated version (v2.4) of the common reporting standard (CRS) technical guidance, providing French financial institutions with technical descriptions and specifications required for the transmission of FATCA and CRS returns.


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Updates to the FATCA technical guidance include:

  • An extended submission deadline for FATCA reports for the 2019 reportable year to 15 October 2020 (in response to the coronavirus (COVID-19) pandemic)
  • An updated section that provides an overview of the FATCA Agreement
  • Updated information reminding financial institutions to conduct required procedures for the reporting of taxpayer identification number (TIN) of persons holding declarable accounts under the FATCA regime
  • The addition of a new section on file-level anomalies detected by the IRS while processing the files received

Updates to the CRS technical guidance include:

  • An extended submission deadline for CRS/DAC2 reports for the 2019 reportable year to 15 October 2020 (in response to the COVID-19 pandemic)
  • Updates to the section on second-level controls

Read a June 2020 report [PDF 82 KB] prepared by the KPMG member firm in France

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