France: Updates on FATCA reporting deadline, “nil” reporting

France: FATCA reporting deadline, “nil” reporting

The reporting deadline for French financial institutions under the FATCA regime has been extended to 20 July 2015 (from the original due date of 15 July 2015).

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  • Information and data submitted after 20 July 2015 and before 15 September 2015 will be transmitted to the IRS (the U.S. tax agency) by 30 September 2015.
  • Information and data submitted after 15 September 2015 and before 27 November 2015 will be transmitted to the IRS by 31 December 2015.

French financial institutions submitting FATCA data after 20 July 2015, nevertheless, will be considered by the French tax authorities as having reporting outside the time limit and may be subject to penalties.

Nil reporting

French foreign financial institutions are no longer required to file “nil” reports. Instead, three options are available.


Read a June 2015 report [PDF 117 KB] prepared by the KPMG member firm in France: KPMG REG FATCA Alert

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