Guernsey Issues Bulletin Announcing 2025 FATCA, CRS Reporting Deadline

The Guernsey Government March 10 issued Bulletin No. 2026/2, announcing the June 30 deadline for reporting Guernsey financial institutions (RGFIs) to submit calendar year 2025 U.S. Foreign Account Tax Compliance Act (FATCA) and common reporting standard (CRS) reports through the International Gateway Online Reporter System (IGOR) system. The bulletin includes: 1) the recommendation for RGFIs to register in time for inclusion on the U.S. Internal Revenue Service Foreign Financial Institution list ahead of the reporting deadline; 2) the temporary relief allowing RGFIs unable to report U.S. taxpayer identification numbers for pre-existing accounts under FATCA for 2025, 2026, and 2027, with ...