Finland: Updated FATCA technical guidance

Updated version (v2.9) of FATCA technical guidance was issued by the tax administration

Updated version (v2.9) of FATCA technical guidance was issued by the tax administration

The Finnish tax administration issued an updated version (v2.9) of FATCA technical guidance.

The changes in the FATCA technical guidance concern:

  • If corrections are submitted to a return that has already been corrected, for instance if a second set of corrections are being made to the original return, the CorrMessageRefId and CorrDocRefId elements must include a reference to the MessageRefId and DocRefId elements of the original return.
  • If the reporting financial institution and/or sponsor structure needs a correction, the corrected return must contain all of the account report structures.
  • If the sponsor structure was used in the return to be corrected, the same needs to be used in the corrected return. The CorrMessageRefId and CorrDocRefId of the sponsor structure must refer to the original return, unless the account report structure to be corrected has been previously corrected.

Read a September 2022 report [PDF 351 KB] prepared by the KPMG member firm in Finland


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