Finland: Instructions for missing U.S. TINs for FATCA purposes
Technical guidance updated to reflect TIN codes published by the IRS for reporting missing U.S. TIN
Technical guidance updated to reflect TIN codes published by the IRS
The Finnish tax administration on 5 April 2023 published updated instructions for missing U.S. taxpayer identification numbers (TINs) for FATCA purposes.
- For data reported for calendar years 2022, 2023 and 2024, a financial institution will not be considered to be significantly non-compliant due to a missing U.S. TIN for a pre-existing account if certain conditions are satisfied. However, beginning calendar year 2023, financial institutions need to annually request a TIN for each pre-existing account with a missing U.S. TIN.
- The technical guidance on FATCA reporting (v3.0) was updated to reflect the TIN codes published by the IRS for reporting missing U.S. TINs.
Read an April 2023 report [PDF 215 KB] prepared by the KPMG member firm in Finland
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.