On 20 May 2019, the Taiwan Ministry of Finance published updated Frequently Asked Questions (“FAQ”) on the reporting under the Common Reporting Standard (“CRS”) to reflect the recent changes in the Taiwanese CRS implementation and due diligence process (Link-Chinese).
The relevant regulation was updated on 16 May 2019 (Link-Chinese).
The recently published List of Reportable Jurisdictions under CRS, which can also be found on the Taiwanese website, contains two countries, Australia and Japan (Link-Chinese). For more information regarding the Automatic Exchange of Information in Taiwan, the Taiwan Ministry of Finance published Questions and Answers (“Q&A”) on the implementation of the CRS (Link-Chinese). Questions on what CRS is, how it works and how Taiwan will keep up with the CRS implementation are answered in downloadable files.
It is also possible to view the Taiwanese Automatic Exchange of Information documents in English. Please keep in mind that the English documents may not be as current as the Chinese documents. Should discrepancy due to translation occur, the Chinese version shall prevail (Link).