The IRS Public Key for FATCA filings is due to expire soon. The IRS has a new Public Key that will replace the existing key on Thursday, October 5, 2023. After Wednesday, October 4, at 11:59pm EST, you will need to download the new IRS Public Key from IDES to file your FATCA Reports.
The OECD published information on Tax Identification Numbers (TIN) for the following jurisdictions:
Anguilla: Suspension of Exchanges and Sharing of Tax Information: Russia and Belarus
On August 21, 2023, the Ministry of Finance and Health of the Government of Anguilla issued a press release. Beginning August 3, 2023, the Government of Anguilla, in solidarity with the United Kingdom government, suspended the exchange and sharing of tax information with Russia and Belarus. With this suspension, Russia will no longer receive information under any of Anguilla’s exchange of information agreements, including Common Reporting Standard (CRS), Country by Country Reporting (CbCR), or Exchange of Information on Request (EOIR).
Canada: Updated Guidance Notes
On August 23, the Canadian Revenue Agency (CRA) published updated guidance notes for both FATCA and CRS. See here for a summary of the updates.
Gibraltar: Reportable Jurisdictions & Explanatory Notes
On August 11, 2023, HM Government of Gibraltar released AEOI: CRS & FATCA Reportable Jurisdictions & Explanatory Notes.
Guernsey: Revised Reportable and Participating Jurisdictions
On August 16, 2023, States of Guernsey Revenue Service published a revised Bulletin 2023/1 for reportable and participating jurisdictions for reporting period 2022/2023. The revised Bulletin has removed eight participating jurisdictions from the list for CRS 2023: Georgia, Kenya, Moldova, Niue, Rwanda, Trinidad & Tobago, Tunisia and Ukraine.
Jersey: AEOI Portal Closure
On August 21, 2023, the International Taxation Department of the Government of Jersey released a communication informing Reporting Financial Institutions (RFIs) that the AEOI Portal is closed to FATCA and CRS reporting until October 2, 2023. During this closure, all submitted reports for 2022 will be extracted, compiled and transmitted to respective jurisdictions. The portal will remain open for other functions and CbC reporting. An email confirmation will be sent once the portal reopens for FATCA and CRS reporting.
Saint Lucia: Updated CRS Guidelines
The Inland Revenue Department (IRD) of Saint Lucia issued an updated version of its CRS guidelines, Standard for the Automatic Exchange of Financial Account Information Guidelines Version 7.0.