Australia clarifies CRS reporting process

On 18 June 2019, in addition to the update of the Foreign Account Tax Compliance Act (“FATCA”) reporting process (Link-Blog), the Australian Taxation Office (“ATO”) issued an update to the Common Reporting Standard (“CRS”) reporting process. The latest CRS updates include:

  • an update to the reporting webpage (Link) and to
  • the CRS Small Reporter Tool user guide (Link).

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