AEOI Update | KPMG | IE

AEOI Update - August 2017

AEOI Update - August 2017

AEOI refers to the automatic exchange, between international tax authorities, of information on Financial Accounts held by individuals, corporations, partnerships, trusts etc.

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Irish Revenue CRS Portal is now open

The Irish Revenue CRS reporting facility is now available on ROS to file 2016 CRS returns.

Additionally, the Irish CRS reporting deadline with respect to the calendar year ended 31 December 2016 has been further extended to 4 September 2017.

Should you require assistance with meeting your FATCA and CRS obligations, in particular with respect to filing your CRS returns in advance of the 4 September deadline, please contact a member of our AEOI team.

Updated Irish FATCA Guidance Notes Published

The Irish Revenue Commissioners have recently published updated Irish FATCA Guidance Notes dated 30 June 2017. Key matters addressed in the revised Irish FATCA Guidance Notes include the following:

  • Commentary on due diligence obligations, data protection notices, curing US Indicia and documenting efforts to obtain Self-Certification Forms;
  • Guidance in relation to the Irish FATCA reporting requirements, covering: disclosure of US TINs, treatment of Sponsoring/Sponsored Entities and undocumented Account Holders and a link to the IRS FATCA XML Schema v2.0 user guide; and
  • Incorporation of an updated link to Revenue’s new AEOI webpage and revised Revenue contact details.

Other recent AEOI developments

Automatic Exchange of Information (AEOI)

Automatic Exchange of Information (AEOI)

AEOI refers to the automatic exchange, between international tax authorities, of information on Financial Accounts (as defined).

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