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

On 1 October 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 2 October 2019. However, on 2 October 2019, the FSA again extended the deadline to 3 October 2019. Please check the Reporting Portal for further extensions (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 can be initiated (Link).

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