21.06.2021 1'

Reminder: FATCA Certification and selecting the periodic review year in the QI Certification

Please be reminded that the FATCA Certification is due on July 1, 2021. Also, QIs with the certification period 2018-2020 must select the periodic review year in the QI/WP/WT system before July 1, 2021.

All news

Please be reminded that the FATCA Periodic Certification for certain registered FFIs (such as Reporting Model 2 FFIs, Participating FFIs or Sponsoring FFIs) with the certification period 2018-2020, is due by July 1, 2021.

Regarding the QI Certification of Effective Internal Controls, even though the deadline for the submission of the certification was extended, the IRS informed that all affected QIs must select the periodic review year in the QI portal before the initial deadline of July 1, 2021.

To select the periodic review year, the Responsible Officer has to start the periodic certification, select the periodic review year in the QI/WP/WT system and then save and close the certification without submitting it. The system should at that point show an updated "Extended Certification Due Date". For additional information, please see our QI Responsible Officer Certification FAQ.

News

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.