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Vietnam: Deadline for FATCA returns extended to 1 November 2020 (COVID-19)

Vietnam: Deadline for FATCA returns extended

The deadline for Vietnamese financial institutions to file FATCA returns for the 2019 reporting year has been extended to 1 November 2020 (from 15 August 2020). The extended deadline is Vietnam’s response to a notification from the U.S. tax authority (IRS) addressing implications of the coronavirus (COVID-19) pandemic.

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Other FATCA-related guidance for financial institutions in Vietnam includes:

  • U.S. taxpayer identification number (TIN) reporting requirements (updated for 2020)
  • Credit institutions and foreign bank branches are to comply with IRS guidance and confirm that information of U.S. TINs is provided in the FATCA report submitted from 2020 and later
  • Credit institutions and foreign bank branches that have not provided information related to U.S. TINs—or the date of birth of holders of certain accounts—in the FATCA reports for the fiscal years 2017 to 2019 are to prepare a proper explanation and report for such accounts upon request


Read a July 2020 report [PDF 90 KB] prepared by the KPMG member firm in Vietnam

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