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France: Updated FATCA technical guidance

Updates reflect IRS extension of relief for U.S. TIN codes for an additional three years

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January 28, 2025

An updated version (v4.9) of FATCA technical guidance—providing French reporting financial institutions with technical descriptions and specifications regarding the deadline and transmission of FATCA returns—was issued on January 15, 2025. The updates:

  • Reflect issuance by the IRS of Notice 2024-78, which extends the temporary relief provided by Notice 2023-11 to foreign financial institutions regarding the reporting of U.S. taxpayer identification numbers (TINs) until 2027.
  • Extend the regulatory deadline for submitting FATCA files 15 days starting 2025. Therefore, the submission deadline is now scheduled for July 15, 2025. (Section 5.4)
  • Provide that declarants experiencing technical difficulties with transmitting a TD/bilateral file are advised to contact the direct assistance service of the IT Services Establishment (ESI) in Nevers using the newly introduced Third-party Declarants Form.

Read a January 2025 report prepared by the KPMG member firm in France

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