U.S.A.: IRS publishes a reminder on the FATCA Certification deadline
Clearstream Banking would like to inform customers that the Internal Revenue Service (IRS) have published a reminder regarding the various information to update on the IRS Portal, which includes amongst others:
- The FATCA Certifications: Entities having a certification requirement and a certification period ending on 31 December 2017 must submit their FATCA certifications the latest by 15 December 2018.
- The FATCA Classification: All entities must ensure that the entity’s FATCA classification is accurate, even though they don’t have a certification requirement
- The name and email address of the Responsible Officer (RO) and Point of Contact (POC): All entities must ensure that the name and email address of the RO and POC(s) are always up to date.
We will 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.