Finland: Updated FATCA and CRS technical guidance

Finland: Updated FATCA and CRS technical guidance

The tax administration of Finland issued an updated version (v2.3) of FATCA technical guidance and an updated version (v2.3) of common reporting standard (CRS) technical guidance.

1000

Related content

The FATCA technical guidance include:

  • An updated section on account holder structures, individual and account holder structures, and organization related to the U.S. taxpayer identification number (TIN) for situations when the TIN of the U.S. account holder is not known by the financial institution at the time of reporting
  • An updated section related to the verification that prevents notification if an error or omission in the information is detected

The CRS technical guidance includes:

  • Changes related to checks made by the notifier related to the address or city

Read an April 2021 report [PDF 76 KB] prepared by the KPMG member firm in Finland

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