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

In late 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 20 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).

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