IRS updates FAQ on FATCA

On 18 December 2019, U.S. Internal Revenue Service (“IRS”) updated its Frequently Asked Questions (“FAQs”) – General on the Foreign Account Tax Compliance Act (“FATCA”) (Link).

Question 16 in the section “FATCA Certifications” has been updated to support users in understanding the respective requirements:

Question 16: I terminated my FFI agreement (Rev. Proc. 2017-16, 2017-3 I.R.B. 201) by canceling my account in the FATCA registration system and no longer have a GIIN. How do I submit a certification?

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