Malta: Updated automatic exchange of information (AEOI) implementing guidelines
Updates to the section on reporting of U.S. taxpayer identification number (TIN) codes for FATCA purposes for reporting years 2023 and 2024
Reporting of U.S. taxpayer identification number (TIN) codes
The Commissioner for Revenue in February 2023 issued further updates to the guidance “Implementing Guidelines on Automatic Exchange of Financial Account Information.”
The revised guidelines (v4.3) include updates to the section on reporting of U.S. taxpayer identification number (TIN) codes for FATCA purposes for the reporting years 2023 and 2024 (section 12.2).
Reporting Malta financial institutions must use the updated codes, as applicable for their accounts, explaining the inability of the foreign financial institution to report a U.S. TIN.
Read a March 2023 report [PDF 218 KB] prepared by the KPMG member firm in Malta
Feedback to the Commissioner for Revenue
The Office of Commissioner for Revenue is also seeking feedback from reporting Malta financial institutions on the relief given by the United States on certain pre-existing accounts that are U.S reportable accounts.
The period for submitting feedback ends on 10 March 2023.
Read a March 2023 report prepared by the KPMG member firm in Malta
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