Ireland: FATCA returns due 30 June 2016

Ireland: FATCA returns due 30 June 2016

Irish Revenue Commissioners confirmed that an electronic registration site (ROS) is open for the filing of 2015 FATCA returns in advance of the 30 June 2016 deadline.

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The FATCA return validation process also has been enhanced, and a new off-line validator tool has been made available to validate files prior to their submission.

All pre-existing entity accounts and pre-existing low value individual accounts must be reviewed in advance of the 30 June 2016 deadline. However, when account holders are only identified as “reportable in 2016” as part of the prescribed due diligence procedures, these account holders are not reportable on the 2015 FATCA return but will be reportable on the 2016 FATCA return (to be filed by 30 June 2017).

There are also other developments with respect to various AEOI regimes.

 

Read a May 2016 report [PDF 218 KB] prepared by the KPMG member firm in Ireland

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