06/04/2017 - To further support the consistent implementation of the Common Reporting Standard (CRS), the OECD today released:

• a series of additional CRS-related Frequently Asked Questions; and
• the second edition of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (also available in French and Spanish), which expands the last part on the CRS XML Schema User Guide. It also sets out additional technical guidance on the handling of corrections and cancellations within the CRS XML Schema, as well as a revised and expanded set of correction examples. The other parts remain unchanged relative to the first edition that was issued in 2014.

 

For further information on the Standard for Automatic Exchange of Financial Account Information in Tax Matters, please visit: www.oecd.org/tax/automatic-exchange/common-reporting-standard.

 

Media queries should be directed to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration (+33 6 26 30 49 23) or Achim Pross, Head of the International Co-operation and Tax Administration Division (+33 6 21 63 27 67).