Ireland

Irish Financial Institutions submit reports for FATCA and CRS via Revenue Online Services (ROS).


Reporting deadline

30 June following the reporting year for both FATCA and CRS

Ireland flag

Revenue Online Services (ROS)

Irish Financial Institutions submit reports for FATCA and CRS via Revenue Online Services (ROS). If not already registered for ROS, organisations must first register for ROS and apply for a digital certificate in order to access the service. Agents may file on behalf of Financial Institutions and the process of adding clients is detailed in the FATCA and CRS guidance documents as noted below. If an organisation does not have tax obligations in Ireland but needs to file FATCA and/or CRS reports, the organisation should contact VIMA in order to obtain a Reporting Entity Registration Number, which it can then use to register for ROS. For more information see the Reporting Entity Registration Form.


FATCA and CRS services may be added from the "My Services" tab when signed in to ROS. General guidance on FATCA and CRS can be found on the Exchange of information pages.


FATCA

Irish Financial Institutions submit FATCA reportable information via ROS by uploading an XML file prepared using the standard FATCA_OECD v2.0 schema. A separate XML file is required for each Financial Institution. Details of registration and reporting requirements are detailed in the published Filing guidelines for FATCA document. Preparers of reports should take note of the requirements detailed in Appendix III of this document, in particular the expected format of MessageRefID and DocRefID which have been stipulated by Revenue. Any reports submitted where the references do not conform to these published conventions are likely to be rejected.


Further guidance on FATCA is also provided in the Guidance Notes on the Implementation of FATCA in Ireland document.


Nil returns

Where a Financial Institution has registered a FATCA Reporting Obligation on ROS but has no reportable accounts to report, a Nil return is required. This can be submitted either by uploading an XML file or by selecting the option to create a nil return from within ROS, which creates a Revenue auto-generated nil return based on the FI details held on the system.


CRS

Irish Financial Institutions submit CRS reportable information via ROS by uploading an XML file prepared using the relevant CRS_OECD schema. From 1 February 2021 version 2.0 of the OECD CRS Schema should be used. A separate report is required for each Reporting Financial Institution (i.e. it is not possible to combine multiple FIs within a single file). Each report should contain details of all reportable jurisdictions (i.e. separate reports for each receiving jurisdiction are not required).

Guidance is contained in the Filing Guidelines for DAC2-Common Reporting Standard(CRS) document. Preparers of reports should take note of the requirements detailed in Appendix III of this document, in particular the naming conventions for MessageRefID and DocRefID which have been stipulated by Revenue. Any reports submitted where the references do not conform to these published conventions are likely to be rejected.


Further general information on the Implementation of CRS has been published by Revenue.


Nil returns

Where a Financial Institution has registered a CRS Reporting Obligation on ROS but has no reportable accounts to report, a Nil return is required. This can be submitted either by uploading an XML file or by selecting the option to create a nil return from within ROS, which creates a Revenue auto-generated nil return based on the FI details held on the system.


CRS reportable jurisdictions

Revenue have published a list of Participating jurisdictions, however for the purposes of reporting, Financial Institutions in Ireland are required to report details of all non-resident account holders other than those resident in the United States (which is covered by FATCA reporting) in their CRS reports. Revenue have confirmed that they will only exchange information with the jurisdictions with which they have any exchange agreement and any data not exchanged will be deleted.