FATCA and CRS Reporting Services

      The UAE Ministry of Finance (“MoF”) recently launched a new centralised portal for submitting the annual reporting and risk assessment for Common Reporting Standard (“CRS”) and /or Foreign Account Tax Compliance Act (“FATCA”) which can be performed between 1 June 2022 and 30 June 2022.

      The portal can be accessed by clicking here.

      Firms are expected to register their nominated maker and checker users before the reporting deadline of 30 June 2022.

      FATCA and CRS guidance can be found here. The Excel templates for CRS and FATCA annual reporting are accessible on the MoF Portal from 1 June 2022.

      Meeting your FATCA and CRS reporting requirements can be overwhelming, but our team is fully equipped to help guide you through the process.

      We provide a full suite of FATCA and CRS services, designed to manage any material risks and achieve compliance in your jurisdiction.

      If you require assistance with this reporting or would like to discuss this further, please reach out to your usual Waystone representative or contact us.

       Next post

      More like this

      UAE Outsourcing and Support:  Independent Non Executive Director Services

      Waystone Compliance Solutions offers its clients operating in the financial centres of the DIFC and the ADGM various outsourcing options.
      Read more

      Regulatory Update: Middle East Edition – May 2022

      This edition includes - DFSA outreach session on financial crime, ADGM issues consultation paper on commercial legislation, FCCP issues an…
      Read more

      Regulatory Update: Middle East Edition – April 2022

      This edition includes - DIFC consults on the prescribed company regulations, FSRA issues discussion paper on DeFi, SAMA opens consultation…
      Read more

      Middle East Regulatory Update – March 2022

      This Middle East Regulatory Update includes the following: DIFC & DFSA latest developments ADGM & FSRA latest developments Middle East…
      Read more

      Virtual Assets Regulatory Landscape in the UAE

      If you are in the virtual assets space, the UAE is likely to be firmly on your radar.
      Read more

      Regulatory Update: Middle East Edition – February 2022

      This edition includes – DIFC holds AI festival, FSRA enhances framework to broaden participation in private capital markets, SCA reviews…
      Read more