St. Vincent and the Grenadines extends FATCA and CRS reporting deadlines

In September 2019, the Financial Services Authority of St. Vincent and the Grenadines (“FSA”) informed Financial Institutions reporting under the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”) that it has managed to extend the reporting deadlines for both regimes to 13 September 2019 (Link).

The online portal is available for registration and reporting purposes. Financial Institution Administrators must first be approved by the Competent Authority before reporting can take place. By uploading an authorization letter from the Financial Institution and a copy of an identification document for the Competent Authority the approval process, strictly online, can be initiated (Link).

The newly installed St. Vincent and the Grenadines reporting portal is also used to answer general questions on FATCA and CRS as well as to provide Automatic Exchange of Information related documents, such as FATCA and CRS Schema and a list of reportable jurisdictions (Link).

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