Australia Updates FATCA and CRS Pages, Adds FATCA Reporting Explanation

The Australian Taxation Office has made some revisions to the ATO FATCA and CRS websites.

Additionally, the ATO has created a new FATCA Reporting page that provides essential information regarding the transmittal of FATCA returns. The reporting page confirms that Australia will continue to use the IRS XML Schema, and permit but not require Nil reports. Extensions of time are available, if necessary. In addition, the reporting page also contains a list of common errors, and how to make corrections.

As for CRS, Australia is a late adopter, and will have its due date of July 31, 2018. This report will include data from July 1, 2017 through December 31, 2017. After this period, reports should include data from January to December.

The post Australia Updates FATCA and CRS Pages, Adds FATCA Reporting Explanation appeared first on Sovos.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.



Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern tax. As governments and businesses go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports 5,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit and follow us on LinkedIn and Twitter.
Share This Post