Thursday, January 15, 2026

IRS clarifies recent update to FATCA XML Schema files

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FATCA News & Information January 15, 2026

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Issue Number:  2026-01 


IRS clarifies recent update to FATCA XML Schema files

As we communicated in a FATCA News and Information newsletter (Issue 2025-10), the IRS recently updated the FATCA XML Schema files to the fatcaxml_v2.0.1 version located on the FATCA IDES resources and support information webpage to align FATCA Reporting with the International Organization for Standardization (ISO) country names updates.

This new version revises certain attributes within the FATCA XML Schema v2.0 as provided by the ISO update, specifically to the isofatcatypes_v1.2.xsd file. The fatcaxml_v2.0.1 was deployed to production on Monday, September 29, 2025.  Only FATCA reporting filers impacted by the following country name changes will need to download and apply the updated fatcaxml_v2.0.1.  There are also a few additional currency code updates within the new version as noted below.  

Updated Country Names

Country Code**

Previous

Current

CV

CAPE VERDE

CABO VERDE

CZ

CZECH REPUBLIC

CZECHIA

SZ

SWAZILAND

ESWATINI

MK

MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF

NORTH MACEDONIA

TR

TURKEY

TÜRKİYE

Additional Currency Codes*

Currency Code

Description

BYN

Belarussian Ruble: BELARUS

MRU

Ouguiya: MAURITANIA

STN

Dobra: SAO TOME AND PRINCIPE

UYW

Unidad Previsional: URUGUAY

VED

Bolívar Soberano: VENEZUELA, BOLIVARIAN REPUBLIC OF

VES

Bolívar Soberano: VENEZUELA, BOLIVARIAN REPUBLIC OF

*Additional countries were included that use the currency code EUR

**Added the country code "XX" for Other

 

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