FATCA – Reporting deadline postponed again

In brief

On the 29 of September 2016, a notice from the Secretary of State for Tax Affairs was published, postponing the deadline for Portuguese financial institutions to report financial information to the Portuguese Tax Authorities under article 7 of the Financial Information Reporting Regime (RCIF), until the entry into force of the regulations foreseen under its article 16.
 

In detail

This is the sixth postponement of the reporting deadline. The initial reporting deadline established in article 9 of RCIF was 31 July 2015.

In accordance with the notice, the regulations complementary to the FATCA IGA, signed on the 6th August 2015, are still following the required procedures for their promulgation and entry into force, reason why they have not yet been published.

^{© 2016 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers & Associados – Sociedade de Revisores Oficiais de Contas, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.}