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Daily Tax Report: International

Germany Tax Agency Updates Guidance on FATCA Reporting Requirements

April 7, 2020, 5:00 AM

The German Federal Central Tax Office March 20 updated guidance on reporting requirements for financial institutions under the U.S. Foreign Account Tax Compliance Act (FATCA). The update includes: 1) the July 31 submission deadline for the 2019 reporting period; 2) the test procedure for mass data transmissions (ELMA); 3) the new regulation on U.S. taxpayer identification numbers (TIN) for the 2020 reporting period; and 4) instructions for using the online portal, transferring an XML file using ELMA, and a contact form. [Germany, Federal Central Tax Office, 03/20/20]

Reference:
View Announcement. View FATCA Infobrief No. 01/2020 of 03/20/20.

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