Main page > About the company > News and mailing > Jurisdictions news > OECD produces international system of information disclosure for the purposes of the CRS

OECD produces international system of information disclosure for the purposes of the CRS


				05.07.2019
						

On 27th June the OECD published administrative and operational mechanism for the exchange of information collected in accordance with Standard rules of the OECD mandatory disclosure of information (MDRs) in order to support the automatic exchange of information collected in accordance with Common Reporting Standards (CRS).

Separately, the OECD releases updated XML-schemas and guidance to support the exchange of tax information under the Common Reporting Standard (CRS) reports on countries (Country-by-Country (CbC)) and in relation to tax rulings (ETR). Updates of several user guides and XML-schemas reflect the experience gained from the first exchanges. They are aimed at improving the user experience and contain the latest technical developments.

All innovations will come into force on January 1st, 2021. The ETR reporting rules will come into force on 1st April, 2020.

On materials of the following website: http://www.oecd.org/tax/beps/oecd-releases-international-exchange-framework-for-crs-related-mandatory-disclosure-rules-updates-xml-schemas-for-exchange-of-crs-cbc-and-tax-ruling-information.htm

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

07/09/2019 13:19:00

Croatia enters the Eurozone

On July 4th, 2019, Croatia notified the EU of its intention to joi ...

Read more

07/05/2019 18:05:00

OECD produces international system of information disclosure for the purposes of the CRS

On 27th June the OECD published administrative and operational m ...

Read more

07/03/2019 13:40:00

The companies can be compulsory liquidated in Latvia

According to the Law “On combating money laundering and financing ...

Read more