In a recent development, the Dubai International Financial Centre (DIFC) has issued an urgent requirement concerning the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) self-assessment. This crucial initiative aims to enhance financial transparency and compliance within the DIFC ecosystem.
- Entities registered in the DIFC that have received the self-assessment email from email@example.com are mandated to complete and submit the self-assessment form by February 28, 2024.
- Failure to comply with the stipulated deadline may result in penalties.
How MCA can assist:
Our experienced team is dedicated to ensuring a smooth navigation of CRS/FATCA compliance. Tailoring our services to your specific needs, we offer expert guidance for seamlessly completing the self-assessment form. Alternatively, if you prefer a hands-off approach, we can take care of the entire process, ensuring the accurate and timely submission of the self-assessment form on your behalf. Your compliance is our priority, and we are here to provide the level of assistance that suits your requirements.
Ensuring compliance with this urgent requirement is paramount, and our Financial Team stands ready to support you through every step of the process. Don’t hesitate to reach out for assistance, and let’s ensure your entity meets its obligations under the latest DIFC directive.
Please feel free to contact us for any further clarifications.
Mr. Palani Alagappan
Partner – Financial Services
Telephone (Dubai UAE): +971 4 3319501
Working Hours: 9AM – 6PM, Monday to Friday