(July 29, 2015)

On July 29, 2015 the Maltese Commissioner for Revenue published an updated version of the FATCA Guidelines (Version 3.0). A few new sections were added and other sections were updated.

In the updated Guidelines the following sections were updated:

• 2.2.3 Application to Trusts

• 3.1 Registration with the Commissioner for Revenue

• 3.3 Reporting

Furthermore the following new sections were added:

• 3.3.10 Reporting on Recalcitrant Account Holders

• 3.3.10.1 Meaning and Treatment of Recalcitrant Account Holder

• 3.3.10.2 Reporting on Recalcitrant Individual Accounts

• 3.3.10.3 Reporting on Recalcitrant Entity Accounts

• 3.3.10.4 Completion of data elements

• 4.4. Compliance Measures Relating to Trusts

Click here to be forwarded to the updated version of the FATCA Guidelines as published on the website of the Maltese Inland Revenue

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