Finland updates data flow check for FATCA and CRS

On 11 June 2019, the Tax Administration of Finland published a new version of the reporting portal Ilmoitin.fi (Link-Finnish). The following new “check processes” have been added to the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”) section:

  • Character combinations not allowed in report contents now include /* and &#
  • A message appears if the leading characters of the MessageRefId (this is the Business ID) are different from the Business ID information in SendingCompanyIN. This message is now an Error
  • Submittal is prevented if no TIN has been entered EXCEPT IN CASE the value of DocTypeIndic is 3
  • The only value that can be accepted for the IssuedBy attribute of TIN is US. Data element cannot be left blank

The changes are also available in English (Link).

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