16.01.2015 1'

SIF: extension of deadline

The Swiss State Secretariat for International Financial Matters (SIF) was able to negotiate the extension of deadline for aggregated reporting of the non-consenting account holders till March 31, 2015 (deadline before: January 31, 2015).

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The Swiss State Secretariat for International Financial Matters (SIF) was able to negotiate the extension of deadline for aggregated reporting of the non-consenting account holders till March 31, 2015 (deadline before: January 31, 2015). The IRS confirmed, that the reporting of non-consenting accounts till March 31, 2015 for the 2014 reporting period by the Swiss FI’s will not be considered as non-compliance with the provisions of Art. 11(2) of the Agreement between Switzerland and the USA for Cooperation to Facilitate the Implementation of FATCA (“Swiss IGA”).

The reporting Financial Institutions have now more time for the preparation and registration on the IDES-Platform.

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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.