FATCA Group Requests

Finally the 2009 protocol to the Swiss-US double tax treaty is ratified. As a result the IRS can submit group requests under FATCA at any time. Be prepared to receive production orders from the Swiss Federal Tax Administration (SFTA).

All affected Swiss FIs must be in a position to respond within the 10-day deadline stipulated in the IGA and the Swiss FATCA Law.

Reportable information must be delivered specific XML formats (SEI & FATCA). Documentation in an OCR-readable pdf file. The SEI-XML generation requires data which is often not readily available. Retreiving and pre-processed data is a very work-intensive process. But you can use one of our Excel-Template to collect and prepare all data already now. See, how TRSuite can help you:

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For licensing questions or to request an evaluation license, please contact accounting@section11.ch or use our request form. Product support is available from support@section11.ch

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