FATCA

Fri 31 Mar, 2017

FATCA |

Annual Form 8966 reporting

Wed 15 Mar, 2017

FATCA |
  • Annual tax return reporting (Form 1042)
  • Annual information reporting (Forms 1042-s)
  • Reporting of foreign reportable amounts to NPFFIs ends.

Sun 01 Jan, 2017

FATCA |
  • FATCA withholding begins on certain gross proceeds payments to non-compliant accounts
  • FATCA withholding begins on foreign passthru (sic) payment (or 6 months after publication of regulations defining term, whichever is later)
  • For qualified collective investment vehicles, date, by which policies aim to redeem or immobilize bearer interests

Sat 31 Dec, 2016

FATCA |

FDAP Payments by non-intermediaries on offshore obligations included on definition of witholdable payments

Thu 31 Mar, 2016

FATCA |

Annual 8966 reporting

Mon 29 Feb, 2016

FATCA |

Due date for Responsible Officer due diligence certification

Thu 31 Dec, 2015

FATCA |
  • Deadline for FFIs to complete remediation on pre-existing accounts, other than Prima Facie FFIs and high-value accounts.
  • Final date for FFIs to qualify for Limited Branch & Limited FFI Status

Tue 15 Dec, 2015

FATCA |
  • Annual tax return reporting (Form 1042)
  • Annual information reporting (Form 1042-s)
  • Reporting foreign reportable amounts to NPFFIs begins

Sun 15 Mar, 2015

FATCA |
  • Tax return reporting begins (Form 1042)
  • Information return reporting begins (Forms 1042-s)

Wed 31 Dec, 2014

FATCA |

Deadline for FFIs to complete remediation on pre-existing entity and high value accounts held by Prima Facie FFIs*

*Provided PFFIs FFI agreement is approved by IRS and effective on 31/12/13

Tue 01 Jul, 2014

  • New account due diligence/identification begins
  • Grandfathered Obligations: Payments on certain obligations outstanding on 1/7/14 are exempt from FATCA withholding.
  • FATCA withholding begins on US source FDAP payments to new account holders identified as:
    • NPFFIs
    • Recalcitrants
    • Passive NffEs with undisclosed Substantial U.S. Owners

Mon 02 Jun, 2014

FATCA |

IRS publishes FFI List

Mon 05 May, 2014

FATCA |

Expiry of (extended) FATCA Registration deadline for foreign financial institutions

Fri 25 Apr, 2014

FATCA |

Deadline to register with IRS to insure inclusion on FFI List

Tue 31 Dec, 2013

FATCA |

FFI Agreement becomes effective

Fri 09 Aug, 2013

FATCA |

IRS Portal Opens

Thu 17 Jan, 2013

Final FATCA regulations released

Wed 24 Oct, 2012

FATCA |

IRS Announcement 2012-42 released, providing some FATCA implementation deadline relief

Thu 26 Jul, 2012

FATCA |

Draft Model I IGA released

Fri 01 Jun, 2012

FATCA |

Draft IRS forms released

Wed 08 Feb, 2012

FATCA |

IRS published draft FATCA regulations

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