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Responsible Office Reporting
By Dave Olenzak. President and Founder of TWC.
The IRS FATCA certification requires Periodical Certification of all Financial Institutions that are in countries that are either Model 2…
CRS Reporting 2021 - are you ready to meet the challenges?
By: Marco Zawar. MBA/LL.M
Introduction
In June 2019 the OECD released Version 3.0 of their…
Cayman DITC Portal Open
By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One.
The long waited DITC Portal was finally opened on Sunday November the 8th…
CRS Reporting – What are the hidden perils on Hong Kong’s Financial Institutions?
By: Marco Zawar. MBA/LL.M
On September 30, 2020, the Inland…
The OECD’s Common Reporting Standard (CRS): how standard is it?
By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One.
So, what is Common and what is Standard? Well, according to Merriam Webster:
The definition of…
The OECD Common Transmission System
The OECD created the Common Transmission System (CTS) to exchange CRS data. The CTS system is not a data warehouse, rather it works like a traffic policeman. Local tax…
FATCA TIN Reporting Requirements TIN Relief
Prior to FATCA and CRS, the collection of a…
<Nationality> caught up in a lack of communication between US FATCA and CRS design groups?
The Nationality XML element seems to have been caught up in a lack of communication between US FATCA and CRS design groups.…
IRS IDES Test Period Opens and FATCA Deadlines are Extended due to COVID-19
The IRS has opened a test period from August 3, 2020 through September 30, 2020 for their FATCA reporting systems called IDES and ICMM. This test period allows Financial Institutions to send test…
Model 1 extension isn’t automatic
Note that the Model 1 extension isn’t automatic. It simply gives Tax Authorities the ability to push their own deadlines farther out in the year. In a Model 1 (and Model 2) countries, the local…
Information for Financial Institutions
With a few exceptions, Model 2 and non-IGA Foreign Financial Institutions should take notice that they must have completed a Certification of Pre-existing Accounts (COPA) and a Periodic…
An Introduction to CRS/FATCA One
To View the Video Click Here
Responsible Office Reporting
By Dave Olenzak. President and Founder of TWC.
The IRS FATCA certification requires Periodical Certification of all Financial Institutions that are in countries that are either Model 2…
CRS Reporting 2021 - are you ready to meet the challenges?
By: Marco Zawar. MBA/LL.M
Introduction
In June 2019 the OECD released Version 3.0 of their…
Cayman DITC Portal Open
By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One.
The long waited DITC Portal was finally opened on Sunday November the 8th…
CRS Reporting – What are the hidden perils on Hong Kong’s Financial Institutions?
By: Marco Zawar. MBA/LL.M
On September 30, 2020, the Inland…
The OECD’s Common Reporting Standard (CRS): how standard is it?
By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One.
So, what is Common and what is Standard? Well, according to Merriam Webster:
The definition of…
The OECD Common Transmission System
The OECD created the Common Transmission System (CTS) to exchange CRS data. The CTS system is not a data warehouse, rather it works like a traffic policeman. Local tax…
FATCA TIN Reporting Requirements TIN Relief
Prior to FATCA and CRS, the collection of a…
<Nationality> caught up in a lack of communication between US FATCA and CRS design groups?
The Nationality XML element seems to have been caught up in a lack of communication between US FATCA and CRS design groups.…
IRS IDES Test Period Opens and FATCA Deadlines are Extended due to COVID-19
The IRS has opened a test period from August 3, 2020 through September 30, 2020 for their FATCA reporting systems called IDES and ICMM. This test period allows Financial Institutions to send test…
Model 1 extension isn’t automatic
Note that the Model 1 extension isn’t automatic. It simply gives Tax Authorities the ability to push their own deadlines farther out in the year. In a Model 1 (and Model 2) countries, the local…
Information for Financial Institutions
With a few exceptions, Model 2 and non-IGA Foreign Financial Institutions should take notice that they must have completed a Certification of Pre-existing Accounts (COPA) and a Periodic…
An Introduction to CRS/FATCA One
To View the Video Click Here