DAC 2 / CRS / FATCA extension in reporting deadline

20th April 2021 • Notice Board

The Office of the Commissioner for Revenue has informed the IFSP that, due to the continued exceptional circumstances brought about by the COVID-19 pandemic that have created a challenging environment, an extension for the submission of the report containing Financial Account information relating to Reporting Year 2020 has been granted, to provide sufficient flexibility to such Reporting Malta Financial Institutions.

 

In line with regulations 30, 41 and 45 of the Cooperation with other Jurisdictions on Tax Matters Regulations, Reporting Malta Financial Institutions must report the information specified in Section I of Annex I to the Regulations and the information specified in Article 2(2)(a) and Article 3(2) of the FATCA Agreement on U.S. Reportable Accounts by not later than 30th June 2021 in relation to Reporting Year 2020.

 

Meanwhile the Office of the Commissioner for Revenue points out that version 4 of the AEOI Implementing Guidelines has been published.

 

All above information may be accessed from https://cfr.gov.mt/en/inlandrevenue/itu/Pages/Automatic-Exchange-of-Financial-Account-Information.aspx.

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