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09.01.2026 19'

2026 Reporting Reminder

We would like to inform all Swiss financial institutions on their reporting requirements under CRS, FATCA and QI. The QI Reporting Requirements outlined in this newsletter will also be applicable to non-Swiss QIs. For the non-Swiss CRS and FATCA reporting requirements, the respective local implementation guidance must be consulted.
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23.09.2025 5'

Approval of PQS as authorized 1042 e-Filer and Upcoming e-Filing Obligations

Due to the upcoming changes in the e-filing obligations of the Form 1042, PQS applied for the required status as Electronic Return Originator and Transmitter with the IRS to be able to file Form 1042 and its attachments electronically via the Modernized e-File Platform (MeF) and has recently attained this status. With this newsletter, we would like to inform you about the significant changes in the e-filing obligations of the Forms 1042 and 1042-S, which will have an impact on all filers such as Qualified Intermediaries (“QIs”), Qualified Derivatives Dealer (“QDDs”) and Withholding Foreign Partnerships (“WFPs”) as well as our new e-filing service for Form 1042 and its attachments.
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15.05.2025 3'

CRS Reporting Reminder 2025

Since the deadlines for filing the CRS reporting are approaching, we would like to inform all reporting financial institutions on their CRS reporting requirements and some specific updates relevant for the tax year 2024.
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09.01.2025 20'

2025 Reporting Reminder

We would like to inform all Swiss financial institutions on their reporting requirements under CRS, FATCA and QI. The QI Reporting Requirements outlined in this newsletter will also be applicable to non-Swiss QIs. For the non-Swiss CRS and FATCA reporting requirements, the respective local implementation guidance must be consulted.
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31.05.2024 3'

CRS Reporting Reminder 2024

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 2023.
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17.01.2024 21'

2024 Reporting Reminder

We would like to inform all Swiss financial institutions on their reporting requirements under CRS, FATCA and QI. The QI Reporting Requirements outlined in this newsletter will also be applicable to non-Swiss QIs. For the non-Swiss CRS and FATCA reporting requirements, the respective local implementation guidance must be consulted.
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07.06.2023 3'

CRS Reporting Reminder 2023

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 2022.
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14.07.2022 3'

FATCA Group Request Reminder

Swiss financial institutions are advised to ensure the accuracy of their FATCA reporting from 2014 to 2021, prepare required information and documents promptly for submission to the SFTA, and test information exchange procedures ahead of potential group requests, as the USA can now make such requests under the Swiss-US FATCA IGA, with a strict ten-day deadline for compliance.
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01.06.2022 3'

CRS Reporting Reminder 2022

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 2021.
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28.01.2022 15'

Reporting Reminder 2022

We would like to inform all Swiss financial institutions on their reporting requirements under CRS, FATCA and QI. The QI Reporting Requirements outlined in this newsletter will also be applicable to non-Swiss QIs. For the non-Swiss CRS and FATCA reporting requirements, the respective local implementation guidance must be consulted. As in previous years, PQS will be able to support FIs with preparing and uploading FATCA, QI and CRS reportable data to the respective authorities.
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14.09.2021 2'

Information for Users of the FIRE System

We would like to inform all QIs that the IRS scheduled to deploy a new application process for new users of the Filing Information Returns Electronically (FIRE) system. Existing FIRE users are asked to review their current filing data in the FIRE system before September 15, 2021, and to transition to the new process in late 2022.
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22.06.2021 3'

CRS Reporting Reminder 2021

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 2020.
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20.01.2021 14'

Reporting Reminder 2021

We would like to inform all Swiss financial institutions on their reporting requirements under CRS, FATCA and QI. The QI Reporting Requirements outlined in this newsletter will also be applicable to non-Swiss QIs. For the non-Swiss CRS and FATCA reporting requirements, the respective local implementation guidance must be consulted. As in previous years, PEQ will be able to support FIs with preparing and uploading FATCA, QI and CRS reportable data to the respective authorities.
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10.06.2020 3'

CRS Reporting Reminder 2020

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 2019.
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19.05.2020 2'

FATCA group requests

The Swiss Federal Tax Authority (SFTA) notified Swiss financial institutions about FATCA group requests, with the first requests expected after September 2020; institutions must meet obligations by June 15, 2020.
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29.01.2020 11'

Reporting Reminder 2020

The QI Reporting Requirements outlined in this newsletter will also be applicable to non-Swiss QIs. For CRS and FATCA reporting requirements, local implementation guidance must be consulted. As in previous years, PQS will be able to support FIs with preparing and uploading FATCA, QI and CRS reportable data to the respective authorities.
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