The Cyprus Tax Department has notified financial institutions and their representatives that the data submission under the FATCA Intergovernmental Agreement for the year 2016 has started. This process will be performed through the Government Gateway Portal ‘Ariadni’ using XML files.
The submission process requires the following steps:
- Register with the Government Gateway Portal ‘Ariadni’ (www.ariadne.gov.cy) following the relevant procedures.
- Register with the FATCA / CRS e-service using the option ‘Financial Institution Registration’ or ‘Representative Registration’.
- Submit the information selecting the option ‘Submit XML Files’.
With the submission of every XML file a validation check will be performed (against the XSD files) and the user will be informed immediately. Additional checks will be performed regarding the content of each file, at a later stage, with the user to be informed through the email address stated during the FATCA/CRS e-service registration.