Cyprus: FATCA reporting deadline extended to 15 July

Cyprus: FATCA reporting deadline extended to 15 July

Guidance issued by the tax department in Cyprus extends the FATCA reporting deadline for financial institutions to 15 July 2016.

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As noted in the 22 June 2016 release [PDF 136 KB], the deadline was extended from 30 June 2016. 

  • A second release [PDF 188 KB] (also dated 22 June 2016)  announces that reporting financial institutions that are registered and that submit information for FATCA purposes, must submit, within the specified time limits, a “nil report” if there are no reportable accounts.
  • A third announcement [PDF 63 KB] released by the tax department on 24 June 2016 informs financial institutions and their representatives that the data submission under the FATCA intergovernmental agreement for the year 2015 has started via a gateway portal, using XML type files.

 

Read a June 2016 report [PDF 299 KB] and a June 2016 report [PDF 332 KB] prepared by the KPMG member firm in Cyprus

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