Romania: FATCA and CRS reporting deadline is 15 May 2024
A press release advising reporting financial institutions to report annual data for FATCA and CRS by 15 May 2024
FATCA and CRS reporting deadline is 15 May 2024
The National Agency for Fiscal Administration on 12 February 2024 issued a press release advising reporting financial institutions to report annual data for FATCA and common reporting standard (CRS) to the national agency by 15 May 2024.
Financial institutions can refer to the agency’s portal for guides and “frequently asked questions” (FAQs) related to FATCA and CRS, and the list of reportable jurisdictions for identifying reportable accounts held by non-residents for the purpose of CRS.
Additionally, the press release notes that control measures will be implemented to provide compliance with reporting deadlines and accuracy of information submitted via Form F3000.
Read a February 2024 report [PDF 517 KB] prepared by the KPMG member firm in Romania
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.