New law in Spain includes a provision concerning the requirement to identify the residence of persons holding or controlling certain financial accounts. Law 34/2015 (22 September 2015) amends and adds new measures (provision 22) to the Spanish general tax law 58/2003 in order to implement FATCA and Common Reporting Standard (CRS) reporting requirements and a penalty regime.

HMRC released an informal consultation on the guidance notes for the automatic exchange of financial account information (AEoI guidance). The guidance notes are designed to assist financial institutions with their implementation of the Common Reporting Standard (CRS) and the Directive on Administrative Cooperation (DAC). The guidance notes also highlight differences in the approach between the DAC, FATCA, and the Crown Dependencies and Overseas Territories (CDOT) reporting re

The Mauritius Revenue Authority is accepting late FATCA reporting, up to 30 September 2015, with no penalties to apply. However, late FATCA reporting will be accepted on a case-by-case basis. A notification needs to be sent to the tax authority, providing the reason for the late reporting.The first reporting was initially due by 31 August 2015.

Belgian financial institutions have more time to comply with their reporting requirements under the FATCA regime. FATCA reporting for 2014 must be completed prior to the 10th day following the publication of the Belgian FATCA law in the Belgian official gazette. Currently, the law has not been enacted, but it is anticipated that the law allowing for implementation of the FATCA regime will be passed in Belgium before the end of 2015.