Certification of Internal Controls by the QI Responsible Officer

Very soon, a Responsible Officer of a QI having a QI Agreement in effect since 2014 will be required to perform a Certification of Effective Internal Controls for the certification period 2018 to 2020.

• For QIs that elected the review year 2018 or 2019 for the QI periodic review, or for QIs which apply for a waiver of periodic review requirement, the due date of the RO's Certification of Effective Internal Controls is December 1, 2021.

• For QIs that elected the review year 2020 for their QI periodic review (absent waiver) the due date of the RO's Certification of Effective Internal Controls is March 1, 2022.

Some QIs may be eligible to apply for a waiver if they fulfill the requirements. These QIs will select the year 2018 as QI periodic review year before they start the certification and apply for a waiver simultaneously with the certification of internal controls. We would like to remind that the information required to be entered in the waiver part (Part III) of the certification (number of accounts, reporting information etc.) concerns the tax year 2020.

For additional information, please see our QI Responsible Officer Certification FAQ.