close
Share with your friends

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.

1000

Related content

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

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal