U.S.A.: IRS publishes new Non-Financial Foreign Entities FAQs

18.12.2017

On 13 December 2017, the Internal Revenue Service (IRS) published a new FAQs section for Non-Financial Foreign Entities (NFFEs).

The new FAQs mainly provide guidance on the FATCA registration of entities that have the status “direct reporting NFFE”.

We continue to monitor the situation and will provide further information as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.