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 was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
Share This Post