On 22 July 2019, the Australian Taxation Office (“ATO”) issued an email alert reminding about the upcoming Foreign Account Tax Compliance Act (“FATCA”) reporting process deadline.
FATCA reports in Australia are due on 31 July each year. To apply for an extension of time to submit reports, filers can write an email within the Online services or the Business and Tax Agent Portals. To apply, filers should select a new message with the topic Lodge report and the subject “Foreign Account Tax Compliance Act (FATCA) extension of time”. Information on what the message should include can be found on the Australian Foreign Account Tax Compliance Act reporting information webpage (Link).
One can subscribe to receive e-mail alerts from the ATO when new information regarding FATCA reporting are released, by e-mailing email@example.com.