India: Updated guidance notes on FATCA and CRS regimes | KPMG | GLOBAL

India: Updated guidance notes on FATCA and CRS regimes

India: Updated guidance notes on FATCA and CRS regimes

India’s Central Board of Direct Taxes issued an updated version of guidance notes intended to help financial institutions and other stakeholders understand and comply with the reporting requirements under the FATCA and common reporting standard (CRS) regimes.


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Some of the updates to the guidance notes concern: 

  • A clarification relating to investment entities, when an entity is managed by another entity
  • Additional sections on documentary evidence and change in circumstances


Read a December 2016 report [PDF 55 KB] prepared by the KPMG member firm in India

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