Malta: FATCA-CRS: Updated AEOI Implementing Guidelines Published By The CfR

On 26 January 2023, the Commissioner for Revenue ('CfR') issued version 4.2 of the AEOI Implementing Guidelines.

Updates were made to Section 14.1 (Relief for reporting on certain pre-existing accounts that are U.S. reportable accounts) of the Guidelines and Appendices 1 (Non-EU Reportable Jurisdictions) and 2 (Participating Jurisdictions).

Upcoming FATCA-CRS Reporting Deadlines

In the meantime, we take the opportunity to kindly remind you about the upcoming FATCA-CRS Reporting Deadlines for the financial year 2022:

• 30 March 2023 – submission of Nil Returns and/or Alternative Reporting (excel spreadsheet)
• 30 April 2023 – submission of XML Reporting

Upcoming FATCA-CRS Seminar

Should you be interested KPMG Learning Academy (KLA) are organising a FATCA and CRS webinar which will be held on 2 March from 9am-10am.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.