Guernsey's Revenue Service has published its annual CRS bulletin, confirming the lists of reportable and participating jurisdictions for the 2025 and 2026 reporting periods, with several additions and removals reflecting the latest commitments to the OECD's global framework for the automatic exchange of financial account information.
Guernsey Revenue Service has released Bulletin 2026/1 on 23 January 2026, setting out the lists of reportable and participating jurisdictions applicable to the 2025 and 2026 reporting periods under the Common Reporting Standard (CRS) for the automatic exchange of financial account information.
This bulletin outlines the specific jurisdictions involved in the automatic exchange of financial information for the years 2024 through 2026. It serves as a mandatory guide for local financial institutions, detailing which foreign territories are classified as reportable or participating under the Common Reporting Standard (CRS).
For the 2025 reporting period, 111 reportable jurisdictions are listed, with Cameroon and Qatar newly added and Tunisia removed after committing to exchange by 2028. Reporting Guernsey Financial Institutions (RGFIs) are required to submit their 2025 CRS reports to the Revenue Service by 30 June 2026.
The provisional list for the 2026 reporting period expands to include Papua New Guinea and Paraguay, covering jurisdictions that have committed to implementing the CRS with first exchanges by 2027. This list has 114 reportable jurisdictions.
The 2026 participating jurisdictions list — comprising all signatories to a relevant international agreement with Guernsey — sees Montenegro and Trinidad and Tobago removed, as neither has yet commenced exchanges. This list has 120 reportable jurisdictions.
Additionally, it identifies the jurisdictions to which Guernsey’s Revenue Service transmitted information for the 2024 reporting period.
Lastly, the bulletin also lists the 89 jurisdictions to which Guernsey’s Revenue Service transmitted financial account information in relation to the 2024 reporting period.
To ensure international compliance, the Revenue Service warns that any entity failing to follow these updated due diligence and reporting procedures will face enforcement action.
The Common Reporting Standard (CRS) is a standard developed by the Organisation for Economic Co-operation and Development (OECD) for the automatic exchange of information. Guernsey joined in a joint statement issued on 28 November 2013 by 36 countries, and a further statement in March 2014 by 44 countries, committing to the early adoption of the CRS.
On 6 May 2014, the OECD issued a Declaration signed by 48 jurisdictions welcoming the OECD Standard for Automatic Exchange of Financial Account Information. In total, 58 countries and jurisdictions have now formally committed to implementing the CRS for first exchange of information in 2017, in respect of accounts open at the end of 2015, and new accounts from 2016, with a further 35 jurisdictions committed to implementing the CRS by 2018.
