FATCA and CRS Reporting – Deadline of 31 July 2022 fast approaching
For CRS, the next Compliance Form update deadline has been confirmed as 15 September 2022.
The DITC has confirmed that for any cases of misclassification and/or noncompliance, it will consider necessary compliance and enforcement action. You can read more about these enforcement guidelines here.
Key FATCA and CRS Reporting Dates
Below we have outlined the key reporting dates for the 2021 reporting period:
| Reporting Obligation | Deadline |
|---|---|
| Notification registration (notification): | 30 April 2022 |
| 2021 CRS Reporting: | 31 July 2022 |
| 2021 CRS Filing Declaration: | 31 July 2022 |
| 2021 FATCA Reporting: | 31 July 2022 |
| 2021 CRS Compliance Form: | 15 September 2022 |
How can Waystone help?
Waystone provides a full suite of FATCA/CRS services, designed to manage any material risks and achieve compliance regardless of your jurisdiction. Our diverse team is experienced in AEOI matters and provides a wide range of services for investment funds, family offices and financial institutions in over 20 jurisdictions. The Waystone AEOI Group maintains strong relationships with various local tax authorities, as we constantly monitor regulatory changes on behalf of our clients.
To find out how Waystone can help with your FATCA and CRS reporting needs, reach out to your usual Waystone representative or contact us.