Updated List Of Reportable Jurisdictions For France CRS And FATCA Technical Guidance V4.3

February 23, 2021 – France – The list of reportable jurisdictions for France CRS and and the FATCA technical guidance v4.3 have been updated.

CRS

The list of reportable jurisdictions for France was updated and now includes 76 jurisdictions.

Added the following countries:

  • Costa Rica (CR)
  • Curacao (CW)
  • Grenada (GD)
  • Peru (PE)
  • Turkey (TR)

 

FATCA

Updated Information about TIN element:

In the absence of a known TIN, a series of new, non-mandatory codes is provided to indicate situations in which the FI has failed to obtain a TIN:

222222222 – Pre-existing individual account where only the US indicia is a US place of birth.
333333333 – New individual account which (1) presents indices of a place of birth in the United States, and (2) either:

(a) exhibits a change in circumstances causing the self-certification initially obtained when opening the account to be incorrect or unreliable, and a new self-certification has not been obtained, or

(b) was below the threshold for documenting and reporting the account at the time of account opening and subsequently exceeded the threshold, and a self-certification has not been obtained.

444444444 – Individual or entity pre-existing account that (1) has indicia other than place of birth in the United States, and (2) either:

(a) has changed circumstances, causing the self-certification or other documentation originally obtained to be incorrect or unreliable, and a new self-certification or other documentation has not been obtained, or

(b) was below the documentation and reporting threshold for the account when it was opened and subsequently exceeded the threshold, and self-certification or other documentation has not been obtained.

555555555 – New individual or entity account that has a US index other than the place of birth in the United States, and (2) either:

(a) has a change in circumstances causing the self-certification or other documentation originally obtained becomes incorrect or unreliable, and a new self-certification or other documentation has not been obtained, or

(b) was below the threshold for documenting and reporting the account at the time of its opening and then passed the threshold, and self-certification or other documents were not obtained.

666666666 – Pre-existing entity account, with a balance greater than $ 1,000,000, held by a passive non-financial entity for which no self-certification has been obtained, and no US index has been identified in relation to the people who control it.

For more information, please click here.



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