Malaysia announces CRS reporting deadline

On 5 April 2019, the Inland Revenue Board of Malaysia (“IRBM”) announced the Common Reporting Standard (“CRS”) reporting deadline for the reporting year 2018 (Link). The deadline for submitting the CRS Report is 1 July 2019 to 31 August 2019. IRBM states, that there will be no further extension.

In addition, the CRS Hasil International Data Exchange Facility (“HiDEF”) submission opens for testing from 1 April 2019 to 28 June 2019.

Financial Institutions (“FIs”) that have completed their registration before 1 April 2019, can participate in the CRS testing from 1 April 2019. The FIs that have completed the CRS registration during the CRS testing period are also able to participate on the following day of their registration. To participate in the testing, FIs need to login to the CRS Test Window (Link).

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