KPMG to unravel requirements for being FATCA compliant on Friday

In an effort to shed light on the FATCA compliance requirements, KPMG will be hosting a presentation on Friday, 12 June from at 9 a.m. to 12:15 p.m. at the Liberty Ballroom, Ramada Hotel, Colombo.

Though FATCA regulations are certainly complex, the burden of FATCA compliance could be reduced by adopting the correct approach at the outset. The session will feature an overview of FATCA registration requirements, FATCA compliance program, features of Form 8966, 1042, 1042-S, W8 BEN-E, W8BEN, W9 (including completion, timelines for submission), FATCA obligation stemming from the FFI agreement,registration and reporting through International Data Exchange Service (IDES) and Filing Information Returns Electronically (FIRE) etc.

The opening address will be delivered by US Embassy in Colombo Economic Officer Peter Zenite, the presentations will be made by Principal – Tax & Regulatory Suresh Perera and the KPMG FATCA team, which will be followed by an interactive panel discussion with the participation of the KPMG FATCA team.

Please contact Nirosha on 011-5426507 for further information and assistance on registration for the seminar.