via CITT News http://pwc.to/2fpzXP6
Would you like a free copy of the latest FATCA, CRS and CDOT rule map?
New in this version:
Latest updates and changes, for example, on the new requirement to issue Client Notifications on or before 31st August 2017
Hyperlinks and QR codes for every citation. This means you can go immediately to any citation with one click
If you would like a free copy email me at: firstname.lastname@example.org and put “Rule Map” in the subject line.
Following the submission of FATCA reports by financial institutions in August of this year, the Mexican Tax Authorities (Servicio de Administración Tributaria or SAT) have now begun reviewing the compliance of financial institutions to ensure that financial information on U.S. individuals, U.S. entities or other reportable U.S. accounts has been correctly and accurately reported.
We expect the number of FATCA reviews and FATCA audits carried out by SAT to increase in the coming months. Such reviews are expected to including:
- Onboarding processes for new clients;
- Due diligence and data management for existing clients;
- Annual FATCA reporting