Intergovernmental FATCA XML Schema
The IRS has finalised the format for automatically exchanging FATCA data with IGA jurisdictions. The Intergovernmental FATCA XML Schema v2.0 is effective from 1 January 2017 and must be used for all FATCA reports including prior years.
- is a standard format developed in close consultation with the Organisation for Economic Cooperation and Developments (OECD)
- captures required information for reporting of FATCA data from both financial institutions and host country tax administrations
- will be used for automatic exchange with all FATCA jurisdictions
- uses elements from existing reporting schemas used by the OECD and the European Union to reduce burden on reporting entities
- uses XML to allow for easier modifications down the road in the event of legislative or regulatory changes in reporting rules
- will facilitate safe and secure electronic data transmission using the International Data Exchange Service.
Note: The .xsd files that comprise the Intergovernmental FATCA XML Schema can be viewed using a web browser such as Internet Explorer or Chrome. The file is also viewable using a text editor such as Microsoft Notepad, or an XML tool such as XMLSpy or XML Notepad.
Submitting the FATCA XML Schema to the ATO
For more information, refer to:
- Foreign Account Tax Compliance Act
- Foreign Account Tax Compliance Act - latest news
- Foreign Account Tax Compliance Act - guidance material
Internal Revenue Service (IRS) website
- 27 February 2017 – Updated FATCA XML Schema to version 2.0
- 20 July 2015 – New link to FATCA detailed guidance material.
- 23 April 2015 – Added the updated technical reporting questions and answers document.
- 16 March 2015 – Added Draft FATCA validation rules. NOTE: These rules MUST be used in conjunction with the FATCA XML Schemas and Business Rules for Form 8966.
- 12 February 2015 – Added the technical reporting questions and answers document.
- 04 December 2014 – New link to the FATCA schemas.
- 27 November 2014 – Technical FAQ's link added.
- 17 March 2014 – Schema now final, links updated to the IRS website.
- 25 February 2014 – Schema files weren't opening as expected.
No previous versions available.