LATEST FATCA/CRS GUIDANCE: CHANGES RELEVANT TO THE ASSET MANAGEMENT INDUSTRY
On March 10, 2022, the CRA released its latest FATCA/CRS Guidance. The IIAC’s Global Tax Reporting Committee provided input into the drafting of the revisions to the FATCA/CRS Guidance, including the revisions to the Client Name account requirements. The IIAC advocated for changes that minimize operational impacts and incorporate sufficient implementation time.
BLG has published an article on the Latest FATCA/CRS Guidance: changes relevant to the asset management industry.
For more information on the FATCA/CRS Guidance or the IIAC’s Global Tax Reporting Committee, please contact Adrian Walrath.