Finland issues revised version of FATCA and CRS Technical Instructions

On 17 and 20 September 2019, the Tax Administration of Finland published revised versions of its Technical Instructions for the Foreign Account Tax Compliance Act (“FATCA”) 1.7 (Link-Finnish) and Technical Instructions for the Common Reporting Standard (“CRS”) 1.5 (Link-Finnish).

The changes for FATCA are:

  • Added paragraphs “7. Checks by Notifier” and “8. Comments made by Notifier”
  • Updated XML samples

The changes for CRS are:

  • Added paragraphs “7. Checks by Notifier” and “8. Comments made by Notifier”
  • Updated Section “6.3.3.4 Substantial Owner”

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