Germany Releases FATCA Schema Files & Guidance

Sovos
April 17, 2017

Germany’s BZSt released both FATCA schema files (XSD files are provided in the [zip file|www.bzst.de/SharedDocs/Downloads/DE/FATCA_downloads/ELANKOM_Schema_FATCAXML2.0_230317_zip.zip?__blob=publicationFile]), and guidance ([Communications Manual Part III, version 2.0|www.bzst.de/DE/Steuern_International/FATCA/Kommunikationshandbuch/Kommunikationshandbuch_FATCA_Teil_III.pdf?__blob=publicationFile]).

Both provide important information on how to properly create FATCA returns. Information about the releases can be found in the latest [Infobrief|www.bzst.de/DE/Steuern_International/FATCA/Infobrief/Aktuell/Infobrief_Aktuell.pdf?__blob=publicationFile].

In addition, Germany published guidance on notifications (“[Verarbeitungsprotokolle FATCA|www.bzst.de/DE/Steuern_International/FATCA/zul.Korrekturwege/Verarbeitungsprotokolle.pdf?__blob=publicationFile]”), and a [sample notification XML|www.bzst.de/SharedDocs/Downloads/DE/FATCA_downloads/BASE-FATCA-USEMPFANGSBESTAETIGUNGANFI-2_3.xml;jsessionid=59A55E9D225E6CAE8ECB7A25249E2AFD.intranet1?__blob=publicationFile]. Previously, Germany had released an [Abbreviation Index/Glossary|www.bzst.de/DE/Steuern_International/FATCA/Kommunikationshandbuch/Abkuerzungsverzeichnis_Glossar.pdf?__blob=publicationFile], and [Business Rules|www.bzst.de/DE/Steuern_International/FATCA/Vorschriften/Datensatzschema.pdf?__blob=publicationFile].

All of these files should be reviewed in order to prepare for this August’s FATCA reporting. Germany has already posted guidance on CRS filing.

The post Germany Releases FATCA Schema Files & Guidance 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.

Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
Share This Post