• Service: Tax, Global Mobility Services, International Tax
  • Type: Regulatory update
  • Date: 7/1/2014

Ireland - Final regulations governing FATCA 

July 1:  Final regulations in Ireland have been issued to govern the compliance of Irish tax resident entities with the FATCA regime.

The final Irish regulations on FATCA [PDF 179 KB] govern FATCA compliance of Irish tax resident entities, and contain a number of clarifications and additional matters, such as:

  • Providing an effective date of 1 July 2014
  • Incorporating two new foreign financial institution (FFI) categories for (1) relevant holding companies; and (2) relevant treasury companies
  • Confirming that “reporting Irish financial institutions” have until 31 December 2014 to register for a Global Intermediary Identification Number (GIIN) with the IRS
  • Confirming FATCA annual return date to the Irish Revenue Commissioners is 30 June

Read a July 2014 report prepared by the KPMG member firm in Ireland: FATCA: Final Irish regulations signed into law

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