In January 2023, the IRS issued Notice 2023-11 which provides reporting relief to Model 1 FFIs who have been unable to obtain U.S. TINs for their pre-existing accounts that are U.S. reportable … more
FATCA (19)
Q: Does the FATCA Point of Contact need to be registered with the Board of Inland Revenue?
A: Yes. BIR numbers are needed by ttconnect to authenticate users accessing e-Tax. … more
In keeping with the Model 1 Inter-Governmental Agreement (IGA) signed between the United States of America and The Government of the Republic of Trinidad and Tobago, the Inland Revenue Division (IRD) … more
FATCA Error MessageDescriptionPossible Resolution
The Sending Company AAAAAA.AAAAA.AA.780 should be 000000.00000.TA.780
The GIIN used as the sending company should be IRD's HCTA ID … more
The FATCA report submission process can be summarized as follows:
Log into e-Tax
Click on the FATCA tab
Request a submission code
Retrieve the submission code
Click on the Submit File link … more
The Inland Revenue Division (IRD) FATCA Registration Process grants Financial Institutions (FIs) secure access to perform the following functionality using the online e-Tax System:
Submit a FATCA … more
This section identifies some primary online resources provided by IRS for FATCA file preparation, provides some xml document guidelines and describes the validation done during the file submission … more
In the IRS’ efforts to better understand the issues that FFIs face in obtaining a U.S. TIN, has developed a series of codes that may be used by a reporting Model 1 FFI to populate the TIN field. … more