The Jersey tax authorities announced that if a reasoned request is made for an extension of the reporting period until 31 July 2015, then we may consider the extension, as long as the Reporting Financial Institution has registered on the Jersey AEOI online portal. In future years, financial institutions will have until 30 June to report information relating to the previous calendar year.
State Bank of Vietnam’s (SBV) Banking Supervisory Agency requests from the reporting FIs: Do not submit to the IRS on the reporting deadline 30 June 2015. To submit the Request for additional extension of time to file Form 8966 for tax year 2014 and Request waiver from electronic filing to the IRS as of the above mentioned deadlines in order to eligible for reporting extension and electronic filing waiver. SBV’s Banking Supervisory Agency also requires branches of foreign ban
In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard. Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand became the latest countries to join the Multilateral Competent Authority Agreement (MCAA), bringing the total number of jurisdictions to 61. The Agreement implements the Standard for Automatic Exchange