How do foreign entities report FATCA directly to the IRS?

Foreign entities operating under a Model 2 IGA, or without an IGA, must report directly to the IRS using the International Data Exchange Service (IDES) portal. Submissions must use the FATCA XML Schema v2.0.1, be digitally signed, and encrypted using AES-256.

What is the FATCA XML schema requirement for Canada?

Unlike the standard global IRS schema, the Canada Revenue Agency (CRA) requires financial data to be formatted into a specialized Part XVIII XML Schema. This includes localized elements like the CA Transmitter Code and specific Submission Type indicators.

Where do UK financial institutions file CRS reports?

UK financial institutions must route their CRS submissions securely through the HMRC AEOI Portal via the Government Gateway. The files must adhere to the OECD CRS XML Schema v2.0, plus HMRC's specific local validation rules.

What portal is used for FATCA and CRS reporting in the UAE?

In the United Arab Emirates, regardless of whether an institution is regulated by the CBUAE, SCA, DIFC, or ADGM, all technical XML submissions converge at the unified UAE Ministry of Finance (MoF) FATCA/CRS Portal.

What are the FATCA XML requirements for the Cayman Islands?

Cayman Islands financial institutions must submit account data via the DITC Portal using FATCA XML Schema v2.0. The DITC imposes highly specific local requirements, including the mandatory inclusion of a Principal Point of Contact (PPoC) and distinct Return Type indicators.

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Regulatory Updates

Regulatory Updates

Navigating CRS 3.0: Technical Requirements and XML Schema Validation Rules

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