Compliance teams have a fresh set of deadlines and technical changes to track this month, according to the latest FATCA, CRS and CARF round-up from RegTech specialist Comply Exchange.
Firms operating in the Bahamas face an imminent cut-off, with Comply Exchange noting that the Bahamas Competent Authority has confirmed the AEOI Portal for FATCA, CRS and CbC-AEOI reporting will close on Monday, 31 August 2026 at 9am EST.
In the US, Comply Exchange highlighted that the IRS published Issue Number 2026-05 on 2 July, confirming its new Foreign Filer Transmitter Control Code (TCC) Registration System is now live. The move addresses a looming gap: as the Filing Information Returns Electronically (FIRE) system is retired this year in favour of the Information Returns Intake System (IRIS) from 2027, tighter access and authentication rules threaten to lock out foreign filers whose authorised users lack a US taxpayer identification number. The new system allows those filers to obtain a TCC Global Intermediary Identification Number and TCC for IDES enrolment without an SSN or ITIN.
Comply Exchange also flagged two IRS publications issued in July: updated instructions for Forms 1099-MISC and 1099-NEC, and a revised Publication 1179 covering the rules for substitute Forms 1096, 1098, 1099, 5498 and other information returns.
Elsewhere, Antigua and Barbuda’s Inland Revenue Department issued Circular No. 10 of 2026 on 17 July, guiding reporting financial institutions on remediating preexisting accounts under CRS.
In Australia, the Taxation Office confirmed in June it will accept the IRS’s updated FATCA XML Schema v2.0.1, which aligns reporting with ISO country name changes and additional currency code updates, while continuing to support the older v2.0 files.
Canada’s Revenue Agency published updated CRS guidance on 2 July, reflecting the OECD’s CRS 2.0 amendments, a change Comply Exchange says reporting institutions should review closely.
Germany’s Federal Central Tax Office used its July FATCA newsletter to address several operational issues, including reporting account holders’ tax identification numbers, duplicate TIN errors, technical caching problems and difficulties submitting nil returns via online forms.
Singapore’s tax authority issued a fourth edition of its CRS XML Schema user guide on 8 July, followed by two infographics later in the month to help existing and newly in-scope financial institutions understand recent CRS amendments.
Finally, Switzerland’s State Secretariat for International Finance confirmed the Model 1 FATCA agreement with the United States, signed in 2024, remains in its implementation phase, with entry into force now not expected before 1 January 2029.
For more, read the full analysis here.
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