US Tax for Banks in Australia – Tools & Links

🧭 Internal Tools (USTaxBanks)

• QI Review Tool – checklist for preparing the QI periodic review (including sampling template).
• FATCA Data Validation (Excel) – structure and field checks aligned with FATCA XML / Australian AEOI reporting to the ATO.
• Customer Documentation Matrix (QI/CRS) – overview of acceptable documentation (W-8BEN(-E), W-9, CRS self-certifications).
• W-8 / W-9 Form Reference (current IRS versions) – PDF download & quick reference for frequently used forms.
• 1042-S / 8966 Checklist – completeness check before submission to the IRS / transmission via ATO.

Note: Internal tools are only available to registered Australian financial institutions or existing clients.

🇦🇺 FATCA Australia – ATO Resources

Official sources of the Australian Taxation Office (ATO) for the implementation of FATCA and CRS under the Automatic Exchange of Information (AEOI) framework, including due diligence, reporting and XML specifications.

• 🔗 Automatic exchange of information – CRS and FATCA (AEOI overview)
  High-level overview of Australia’s AEOI framework and interaction between CRS and FATCA.
• 📘 Foreign Account Tax Compliance Act (FATCA) – ATO
  Background on the Australia–US FATCA Intergovernmental Agreement and obligations for Australian financial institutions.
• 📘 Common Reporting Standard (CRS) – overview
  ATO guidance on CRS implementation in Australia (legislation, due diligence and reporting).
• 🧩 FATCA reporting – third party reporting
  Operational guidance on how to lodge FATCA reports, including channels and key reporting concepts.
• 🧩 FATCA – Small Reporter Tool user guide
  Guide for smaller reporters (up to 50 individual and 50 organisational accounts) submitting FATCA reports via Excel-based tool.
• 🧩 FATCA XML form 8966 schema v2.0 and user guide
  Technical XML schema and supporting material used for FATCA reporting under the IGA (Intergovernmental Model).
• 🧩 FATCA reporting – ATO Software Developers
  Technical FATCA reporting requirements, including MessageRefId/DocRefId, testing, validation rules and lodgment details.
• 📘 CRS and FATCA obligations – self-review guide and toolkit
  ATO self-review pack to help Australian Reporting Financial Institutions (RFIs) assess their AEOI controls.
• 🧩 CRS reporting – third party reporting
  Operational guidance for lodging CRS reports (XML, lodgment channels and corrections).
• 🕒 Filing deadlines (FATCA / CRS – AEOI in Australia)
  The reporting period for FATCA and CRS is generally 1 January to 31 December. FATCA and CRS reports are typically due to the ATO by 31 July of the following year. Example: reporting period 2024 → reporting due by 31 July 2025. Always check current ATO guidance for any changes or extensions.

🇺🇸 QI – IRS Resources

Official sources of the Internal Revenue Service (IRS) on the Qualified Intermediary (QI) regime and related withholding and reporting obligations for Australian banks, brokers and custodians.

• 🔗 Qualified Intermediary Program (IRS.gov)
  Overview of the QI regime, including links to the QI/WP/WT system and program announcements.
• 📜 Revenue Procedure 2022-43 – 2023 QI Agreement (PDF)
  Current QI withholding agreement, including rules for QDDs and PTP income.
• 🧾 Notice 2022-23 (PDF)
  Notice with proposed changes and clarifications to the QI agreement, including QDD and PTP aspects.
• 📘 QI General FAQs
  Frequently asked questions on QI registration, periodic review, certifications and other operational topics.
• 🔐 QI/WP/WT System – apply, renew, certify or terminate
  Secure portal for managing QI, WP and WT agreements and certifications.
• 🧮 Forms & reporting (selection):
  
  • About Form 1042-S – Foreign Person’s U.S. Source Income Subject to Withholding
  • About Form 8966 – FATCA Report
  • IRS Forms W-8 / W-9 overview: About Form W-8BEN • About Forms W-8 (overview) • About Form W-9

🌐 Additional Sources

• OECD – Common Reporting Standard (CRS) schema & user guides
  Global standard for automatic exchange of financial account information, including XML schema and status messages.
• Perpetual – Foreign tax resident reporting overview
  Industry perspective on FATCA/CRS obligations and reporting by Australian financial institutions.
• Bank Australia – Providing your foreign tax information
  Illustrative customer-facing explanation of CRS and FATCA due diligence and reporting requirements.

🔄 Note on Timeliness

All links and references on this page are checked regularly. Nevertheless, legislation, ATO guidance and IRS materials may change at short notice. Always refer to the most recent official publications when planning filings or audits.
Last updated: November 23, 2025