Belgium Delays CRS Reporting Deadline for 2017

Jesse Rooney
July 11, 2017

Belgium recently announced it will extend the deadline for CRS reporting this year.  Reporting was originally due at the end of June, but Belgium has delayed reporting until the end of July.  This delay is only for CRS and does not affect FATCA reporting which was due at the end of June.  The announcement of the delay specifies income year 2016 and does not mention a permanent change in due dates so it is likely this extension will only be for this reporting year.

Contemporaneous with the extension announcement, Belgium also announced that the “SendingCompanyIn” element must be included in CRS files.  The field must be populated with the ECB number of the financial institution transmitting the CRS file.   Failure to include the field may subject the filing institution to an error message and possible audit.

The above information was posted on Belgium’s CRS News page.  To review these items and other CRS news, please follow this link.

The post Belgium Delays CRS Reporting Deadline for 2017 appeared first on Sovos.

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Jesse Rooney

Jesse Rooney is regulatory counsel for Sovos. His research focuses on tax information reporting. He is a member of the Massachusetts bar.
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