United States: IRS updates FATCA registration system

United States: IRS updates FATCA registration system

The IRS today announced it has updated the Foreign Account Tax Compliance Act (FATCA) registration system.


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The changes are summarized as follows:

  • Delete registration: A financial institution can no longer delete its registration, and lead financial institution can no longer delete member registrations.
  • Sponsored entity table (sponsoring entities only): A status date has been added to sponsored entity table, and a display of effective date for terminated sponsored entities has been added.
  • Email address fields: There is an updated validation measure.

Read the IRS transmittal message

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.

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