UAE: Updated FATCA FAQs and U.S. TIN reporting requirements

Guidance in alignment with U.S. IRS Notice 2024-78 

Share
April 28, 2025

The UAE Ministry of Finance (MOF) in April 2025 released an updated version of its FATCA “frequently asked questions” (FAQs) and a new FATCA Circular.

These documents outline the latest FATCA reporting requirements in alignment with the U.S. tax authority (IRS) Notice 2024-78, which extends the temporary relief provided in Notice 2023-11 for UAE reporting financial institutions that are unable to obtain and report U.S. tax identification numbers (TINs) for specified U.S. pre-existing reportable accounts until calendar year (CY) 2027.

During this period, reporting financial institutions will not be considered significantly non-compliant with FATCA obligations under the United States-UAE Intergovernmental Agreement (IGA) for failing to report the required U.S. TIN for preexisting accounts, provided reporting financial institutions perform the following actions:

  • Obtain and report the date of birth for each account holder and controlling person whose U.S. TIN is not reported
  • Request (annually) missing U.S. TINs from account holders, beginning CY 2023
  • Search (annually) electronic records for any missing U.S TINs, beginning CY 2023
  • Report an accurate TIN code provided by the IRS for each account missing a required U.S. TIN
  • Report any foreign taxpayer identification number (FTIN) or functional equivalent assigned by the respective country of residence for each U.S. specified person missing a U.S. TIN
  • Report the city and country of residence for each specified U.S. person missing a required TIN
  • Use the 'AddressFix' element in the XML file to report the city and country of residence for each U.S. specified person with a missing U.S TIN

Read an April 2025 report prepared by the KPMG member firm in the UAE

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline