Germany’s Ministry of Finance has released a draft bill to ratify the 2024 Addendum to the CRS MCAA, expanding automatic exchange of financial account information to cover new products, intermediaries, and digital assets, with the first reporting scheduled for September 2027.
Germany’s Ministry of Finance has published a draft bill on 24 March 2026 for the ratification of the 2024 Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA).
The addendum incorporates the 2023 amendments to the Common Reporting Standard (CRS), extending the scope of automatic information exchange to new financial products, intermediaries, and digital assets, including cryptocurrencies and related derivatives. It also requires enhanced due diligence and additional reporting, such as account type and the validity of self-certifications.
Germany signed the addendum on 26 November 2024. According to the draft, the first exchange of information under the updated framework is scheduled for September 2027, covering financial accounts held in the 2026 calendar year.
The measure aims to strengthen international tax transparency and combat cross-border tax evasion while maintaining strict data protection and confidentiality standards.
Earlier, the German Ministry of Finance ( MoF) published draft bills on 24 March 2026 to ratify three international agreements aimed at strengthening tax transparency.
