Singapore updates CbC reporting list of jurisdictions, adds Albania and Georgia
The Inland Revenue Authority of Singapore (IRAS) has updated its list of jurisdictions participating in the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country (CbC) reports on 11 October 2024. The recent
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Ukraine: MCAA CbCR agreement comes into force
The Ukrainian Ministry of Finance issued a reminder about the commencement of the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country Reports (CbCR) on 2 September 2024. Ministry of Finance of Ukraine reminds
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Ukraine: MCAA for financial data exchange enters into force
Ukraine's Ministry of Foreign Affairs published Letter No. 72/14-612-106482, on 5 August 2024, stating that the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) entered into force for Ukraine
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Ireland updates guidance on exchange of information
Irish Revenue has released eBrief No. 210/24, on 6 August 2024, which provides updated guidance on information exchange. The Guide to Exchange of Information under Council Directive 2011/16/EU, Ireland’s Double Taxation Agreements and Tax
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Singapore updates CRS FAQs with guidance for investment entity trusts
The Inland Revenue Authority of Singapore (IRAS) has released updated FAQs regarding the Common Reporting Standard (CRS) on 25 July 2024. The Common Reporting Standard (CRS), developed by the Organisation for Economic Co-operation and Development
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Kuwait publishes decree on tax information exchange
The Kuwaiti government implemented Decree-Law No. 6 of 2024 to enhance tax transparency and compliance with international tax agreements on 14 July, 2024. This legislation introduces measures to ensure rigorous information exchange and adherence to
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Czech Republic updates jurisdictions list for automatic exchange of financial account information
The Czech Republic issued Financial Bulletin No. 5/2024 on 18 June, 2024, which features an updated roster of contracting states and jurisdictions for the automatic exchange of information on financial accounts under the OECD Common Reporting
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Greece updates list of jurisdictions under AEOI-CRS
The Greek Public Revenue Authority (AADE) has announced an update with the publication of Circular A.1089, issued on 3 June 2024. This circular revises the lists of reportable and participating jurisdictions for the Automatic Exchange of Financial
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Malta implements public CbC reporting directive
Malta has implemented public Country by Country Reporting (CbCR) into domestic legislation (Act XVIII of 2024) on 17 May 2024. Multinational enterprises (MNEs) located in the EU and those outside the EU operating within the EU via a branch or
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Austria: Parliament considers bill to amend tax laws
On 12 June 2024, Austria’s lower house of parliament approved Bill No. 2610 dB for consideration. This bill proposes key amendments to the Tax Amendment Act 2024. The bill focuses on three main measures: Deduction of grants for
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Austria updates list of jurisdictions under AEOI-CRS
Austria published a revised list of jurisdictions involved in, and subject to, the automatic exchange of financial account information under the Common Reporting Standard (CRS). The updated list replaces the one published in June, 2023, and comes
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Colombia issues resolution on international tax information exchange
Colombia's tax authority (DIAN) has released Resolution No. 000096 on 31 May, 2024, providing an update on the exchange of tax information with international jurisdictions. This resolution is key in assessing the cooperation of various nations in
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Greece announces 2024 CbC report exchange partners
On 30 May 2024, the Greek Public Revenue Authority (AADE) has released Circular A.1083, dated 21 May 2024, outlining the jurisdictions that will exchange Country-by-Country (CbC) reports with Greece in 2024 for the 2022 fiscal year under the
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Dominican Republic extends CbC reporting deadline to 30 August 2024
The Dominican Republic's General Directorate of Internal Revenue (DGII) issued Notice No. 10-24, on 31 May, 2024, extending the deadline for Country-by-Country (CbC) reporting for multinational enterprises (MNEs) as part of Action 13 of the Base
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Taiwan calls for improved compliance with CRS standard
The Ministry of Finance has issued a critical directive to all Financial Institutions (FIs), emphasising the need for strict adherence to the "Measures for Financial Institutions to Implement Joint Reporting and Due Diligence Operations" on 24 May,
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Japan updates CRS FAQs
Japan's National Tax Agency updated its FAQs on the common reporting standard (CRS) for automatic exchange of financial account information concerning non-residents on 9 April 2024. The revised FAQ includes new guidance on reporting requirements
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Germany approves Act to facilitate MLI application
The German lower house of parliament (Bundestag) approved a new Act to facilitate the application of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 16 May, 2024. This Act
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EU seeks automatic exchange of financial account information agreement revisions
The Council of the European Union issued Council Decision (EU) 2024/1489 on Tuesday, 21 May, 2024, which authorised negotiations to amend agreements for the automatic exchange of financial account information. This initiative aims to enhance
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