13.08.2018 1'

QI Responsible Officer Certification FAQ

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For the upcoming QI Certification, PEQ has prepared the PEQ QI Responsible Officer Certification FAQ, where we addressed the most frequently asked questions we have received.

The FAQ is addressed to Responsible Officers of QIs that are performing their Periodic Certification of Effective Internal Controls or Qualified Certification as required under Section 10.03 of the QI Agreement.

Please note that the FATCA Certification is not part of the FAQ as we are expecting more guidance from the IRS with respect to the FATCA Certification in the coming months. The FATCA certification deadline for FFIs that signed and renewed the FFI Agreement during 2014/2017 has been moved to December 15, 2018. We recommend not performing the FATCA certification yet, until all open questions (e.g. with respect to certain Model 2 IGA statuses) have been clarified. We will inform you in due time.

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18.05.2026 3'

Submission of Forms 1042-S through IDES for Foreign Filers

With this newsletter, we would like to inform you about the IRS announcement of May 4, 2026, which introduced a new registration system for foreign filers in IDES (International Data Exchange System) enabling foreign filers to obtain a IDES TCC for the submission of Forms 1042-S after the upcoming FIRE (Filing Information Returns Electronically) Retirement by the end of 2026.

30.04.2026 3'

2026: CRS Reporting Reminder

Since the deadline for filing the CRS reporting is approaching, we would like to inform all Swiss financial institutions on their CRS reporting requirements and some specific updates relevant for the tax year 2025.

20.04.2026 4'

2026 New IRIS System and Approval of PQS as Authorized 1042-S and 1099 Transmitter

With this newsletter, we would like to inform you about the significant changes in the filing obligations of the Forms 1042-S and 1099, which will have an impact on many filers such as Qualified Intermediaries (“QIs”) (including Qualified Derivatives Dealer (“QDDs”) ), Withholding Foreign Partnerships (“WFPs”), Withholding Foreign Trusts (“WFT”) and other Withholding Agents (“WA”) as well as our new transmission service for Forms 1042-S and 1099.