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.

1000

Related content

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

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.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal