FATCA exchange system, reports, test session | KPMG | US
Share with your friends

United States: FATCA exchange system, reports, test session

FATCA exchange system, reports, test session

The IRS today issued a release that reports:


Related content

  • The FATCA International Data Exchange Service (IDES) will be unavailable from 13 January 2017 until 15 January 2017. 
  • Beginning 16 January 2017, all FATCA reports (new, nil, corrected, void and amended) must be created using the FATCA XML schema version 2.0.
  • The FATCA test session will remain open from 19 December 2016 to 30 January 2017.


Read the IRS release.

Separately, the IRS also reported the following:

  • The IRS has revised several FATCA Report sample files using FATCA XML Schema v2.0. The revised samples include a test packet, void, amended and corrected files and digital signatures. Read the IRS release
  • The IRS will launch a new Qualified Intermediary (QI), Withholding Foreign Partnership (WP) and Withholding Foreign Trust (WT) system allowing these entities to manage their information online. Read the IRS release


© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. 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 KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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


Request for proposal