United States: FATCA responsible officer certifications due 1 July 2022
IRS reminder that responsible officer certifications are due by 1 July 2022
IRS reminder that responsible officer certifications are due by 1 July 2022
The IRS today issued a reminder that responsible officer certifications are due by 1 July 2022 for the FATCA certification period ending 31 December 2021.
Read the IRS transmittal message (7 June 2022).
If an entity that is required to certify does not submit its certifications by the due date, the entity will not be in compliance with its obligations under FATCA. The consequences of being non-compliant may include the revocation of an entity’s FATCA status and, ultimately, the entity’s global intermediary identification number (GIIN) being removed from the foreign financial institutions list.
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 3712, 1801 K Street NW, Washington, DC 20006.